COVID surge after lockdown
House sales are booming in Lincolnshire in 2020 despite the coronavirus pandemic, according to new statistics.
Data released by real estate company Savills compares agreed house sales in weeks 30-33 of the calendar year in both 2019 and 2020.
The results show dramatic boosts in sales across the East Midlands, with key Lincolnshire areas leading the way in terms of growth.
Boston had the biggest increase in agreed sales in the East Midlands region, seeing a 174% boost in agreed sales from last year.
Lincoln also had big house sale numbers, rising 125% from 154 to 193 in 2020, while North and South Kesteven rose 171% and 163% respectively.
James Abbott, who heads the residential teams in the East Midlands at Savills, said despite an uncertain economic backdrop due to COVID-19, the pandemic allowed people to reevaluate priorities and focus on buying a home.
“Since the housing market reopened we have seen a surge in the number of sales being agreed. The prime regional and country house markets in particular have been especially busy.
“Many predicted that the immediate shift in priorities seen in April was just a response to lockdown, and would be short-lived, but there now appears longer term commitment from buyers.”
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