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Murrie And Currie Comments on the Edinburgh Property Market Post Covid-19

Edinburgh Streets with to let sign

The following article has been written by Trevor Mapara, Managing Director of Murrie & Currie Property.

At the start of 2020, many had lost their faith in the usually solid UK property market due to the uncertainty of Brexit. First-time buyers were holding off with the thought of price drops. Second-time buyers/families stopped in their tracks due to instability in their home or work life. and those in retirement looking to downsize held off; their houses were their main or only assets.

Then after months of crippling uncertainty, the property market was given a kick start and has been on an upwards trajectory ever since.

Covid-19

The Edinburgh letting market also had an excellent start to the year until COVID 19 hit.  As a business, Murray & Currie quickly adapted and conducted virtual viewings and valuations, which were received well.  We will continue to use this technology in numerous ways to help prospective tenants and buyers.

Lockdown Ease

As restrictions lifted, Murray & Currie experienced demand in both sales and lettings, supported by a degree of pent up demand from prospective tenants/buyers/sellers having been confined to their homes like never before.

A shift is also underway in people’s attitudes as people place greater value in good quality accommodation.

The Stress of Moving

Many people buy a house before selling their previous home, or on the other hand, many sell their home and have to move into temporary accommodation until finding their perfect next home. Renting and the unknown can be for weeks, months or even years, but this shouldn’t mean that you have to get rid of all your belongings

Solution

Edinburgh Self Storage has been great as they have helped our clients with their storage needs. There is no typical scenario as landlords, tenants and sellers can use their services. At Murrie & Currie, we recently had a last-minute request to store the entire belongings of a townhouse, which they handled quickly and professionally.

 

Thank you to Trevor Mapara of Murrie & Currie Property for featuring as our guest blogger this month,

 

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