{"id":6031439,"date":"2020-05-13T11:32:23","date_gmt":"2020-05-13T10:32:23","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6031439"},"modified":"2020-05-13T11:32:23","modified_gmt":"2020-05-13T10:32:23","slug":"update-housing-market-unlocked-as-buying-selling-and-renting-resumes","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/news\/update-housing-market-unlocked-as-buying-selling-and-renting-resumes\/","title":{"rendered":"Update: Housing market unlocked as buying, selling and renting resumes"},"content":{"rendered":"

The government has confirmed that the housing market can restart once again. Experts expect to see a surge in activity thanks to the pent-up demand in the sector.<\/strong><\/p>\n

Some would argue that the housing market had never actually “stopped” in many areas. Housebuilding in most cases has continued through the crisis, perhaps with a pause in activity to assess new practices. Meanwhile, many others had continued to do what they could towards their buying and selling plans, embracing technology<\/a> more than ever before.<\/p>\n

However, yesterday’s green light from the government<\/a> will spark a more public revival. Estate agents and letting agents can reopen and people can physically view homes where it is safe to do so. Removal firms and conveyancers can also go back to work, meaning a real kick-start to getting the market moving.<\/p>\n

An estimated \u00a382bn<\/a> worth of sales had been put on hold as a result of the coronavirus pandemic. Most of these can now go ahead, which will be a huge initial boost to the housing market as well as the economy.<\/p>\n

The new guidance<\/h4>\n

As of Wednesday 13 May, anyone in England can move house as long as they follow the government’s new rules. This applies to homeowners, property investors buying new assets, and tenants moving into new rental homes.<\/p>\n

Housing secretary Robert Jenrick said: “Our clear plan will enable people to move home safely, covering each aspect of the sales and letting process from viewings to removals.<\/p>\n

“Our step by step plan is based on the latest guidance to ensure the safety and protection of everyone involved. This critical industry<\/a> can now safely move forward, and those waiting patiently to move can now do so.”<\/p><\/blockquote>\n

Full details of the government’s new guidance can be found here<\/a>. In summary:<\/p>\n