The property market although allowed to remain open in the current lockdown, continues to remain pretty stagnant.  Talk of extending the stamp duty holiday beyond March has currently failed to produce any announcements and lenders continue to be risk adverse.  An average rule of thumb was a sale would take approximately twelve weeks to complete from the time the offer was accepted.  With searches taking up to eleven weeks to be returned, sales now seem to be averaging twenty weeks.

Although all this may sound pretty negative, considering we are in a national lockdown it could be considered pretty good news.  When the current lockdown is lifted, we are hoping that the property market will start to be pretty buoyant.  With BREXIT now behind us and the current COVID-19 infection rate falling, barring a third national lockdown the property market could start once more to take on a bullish trend.