How Covid- 19 has Affected London Property Market

Property Market

The Coronavirus pandemic brought the world to a standstill with businesses forced to close down. with city lockdowns and curfews put in place to help control the spread of the pandemic, movement was restricted and with that, businesses had to find other ways of reaching their customers. Has covid affecting selling property in central london. Find out.

Before the pandemic, the real estate industry was estimated to be worth eight trillion Euros making London properties among the most valuable in the United Kingdom and continental Europe. The Coronavirus pandemic brought new twists with million of workers furloughed and others declared redundant by companies staring at total shutdowns. The lockdowns put in place as well as social distancing rules meant that viewing of properties by potential buyers was virtually impossible. Marylebone Estate Agents could not move freely between properties and could not interact face to face with other professionals and clients. In an industry that relies so much on personalized interactions, this was a severe body blow.

Surveyors are significant professionals when it comes to any property market. Their work is to survey the property on sale for both the seller as well as the buyer. However, these professionals had to change their operations with the onset of the pandemic. Most of them resorted to offering desktop valuations by utilizing different data points to remotely arrive at property valuations. This has made it necessary for them to acquire historical information of estates, their locations and other information that is necessary for their work.

Remote viewing technology has been of great benefit to Marylebone Estate Agents. Agents are now able to view properties and also take clients on virtual tours using a computer or a smart phone. By utilizing remote viewing capabilities, real estate professionals have made their work doable amidst the unprecedented challenge posed by the Coronavirus.

Jeremy James and Company

There are many estate agent firms in Marylebone estate agent, but one of the finest is Jeremy James and Company. The company was founded in 1994. As such, they have many years of experience making them experts in all aspects of the industry. They deal in the management of property, sale, and letting of residential areas, consultation, and medical buildings to the satisfaction of their clients.

A great perk that comes with choosing this company is that many of their buildings are within close range. This means that a company professional can be available to the needs of a client at any time making emergencies easy to handle. Also, the firm has a strategic partnership with an experienced maintenance firm, making it easy and convenient for them to provide twenty-four-seven service to its customers. For all your property questions in and around London, get in touch with Jeremy James today.