Property sales and rental markets to reopen today

14th May, 2020, by Jason Cook

Changes to travel restrictions within amendment to current legislation give green light for home moves to restart, and agents to restart viewing, sales and rentals.

The government has given the green light to property sales and rentals restarting following a change to the main legislative instrument used to restrict travel during the Coronavirus crisis

Yesterday Parliament published several amendments to the Health Protection (Coronavirus, Restrictions) (England) Regulations 2020.

This includes the addition of five short paragraphs that allow both agents and members of the public to travel to view properties and move home.

Although only a technical change to the Coronavirus law, this effectively re-opens the sales and rental markets.

“It’s great news for consumers and the industry that the housing market is being opened up and people can let, rent, buy and sell properties again,” say David Cox, Chief Executive of ARLA Propertymark and Mark Hayward, Chief Executive of NAEA Propertymark in a joint statement.

“The new regulations provide clarity to agents and will allow them to deal with pent-up demand from consumers.

“It’s also a step to reinvigorating the housing market and will be a boost to the economy.”

“Safety of course will be paramount, and we would encourage everyone to ensure that they follow Government guidelines closely to protect others and themselves.”

The new regulations allow members of the public to visit sales or lettings agencies, developers’ sales offices, show homes, view properties for sale or rent, prepare properties prior to moving in and move home.

Agents are also allowed to visit any rental or sales property to get them ready for sale, which means appraisals, valuations and photography.

Read the amended legislation in full.

Read about the safety rules agents will have to follow.

Source: www.thenegotiator.co.uk