Property News

If you live in an estate, you know that there are always those who are reluctant and slow to pay their monthly levies – and a few who won’t pay at all until the homeowners’ association (HOA) has already started to take legal action against them.

There can be no disputing that COVID-19 and the subsequent lockdown impacted the residential property market enormously. Even though most agents and sellers expected the impact to be increasingly negative, the opposite is taking place in many areas.

After a string of interest rate cuts and pent-up demand owing to months without access to real estate services, buyers are hitting the ground running as the property market re-opens under Alert Level 3. These buyers are determined to find a bargain, which has resulted in downward pressure on asking prices, particularly within the luxury housing market in Bedfordview.