Lockdown 3.0

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Lockdown drives demand for rural property

The Telegraph has published several articles showing a renewed interest from buyers searching for small farms, smallholdings or rural properties since lockdown began

Thousands of 'panic movers' are quitting cities for rural or village locations, acting now before the economy plummets into recession and the housing market stalls, according to the paper.

Savills has seen a 90 per cent increase in demand from house hunters for country locations in the past three months compared to the same period last year.

Demand for flats to rent and buy has plummeted, according to the property portal Rightmove, while estate agents in coveted rural locations such as the Cotswolds, the Chilterns and the South Downs are reporting a surge in inquiries from urbanites, as are those in prime coastal spots in Cornwall, Devon, Norfolk and Suffolk.

Many of this new wave of buyers have proved that they can work remotely from home, removing the need to be in an office environment five days a week.

The ability to commute less frequently is allowing buyers to consider a much wider area when looking for property.

Full articles:

The Telegraph - A post-lockdown honeymoon of frenzied buying will keep house prices up for three months

The Telegraph - Dreaming of the rural life? You're not the only one wanting to escape to the countryside

The Telegraph - So long to the city! How lockdown created a wave of 'panic movers'

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