This article in The Bolton News regarding the impact on house prices during and post Covid-19 lockdown features an interview with our Andrew Cardwell.
https://www.theboltonnews.co.uk/news/18676125.bolton-house-prices-dip-start-coronavirus-lockdown/
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Andrew Cardwell, managing director of Cardwells Estate Agents, thinks homeowners have nothing to worry about.
He said: “A small dip in house prices in April is no cause for concern at all. Given the lockdown situation that we were all in at the time, there were virtually no transactions taking place, and very few new mortgages being provided.”
“I urge people not to dwell on this too much, given the extreme national circumstances and in turn those placed on the property market at the time.
“A small drop was inevitable and on the grand scheme of things probably the least of everybody’s worries at that point in time.”
Mr Cardwell added: “With a combination of pent up demand, post-lockdown wants and needs changing, and the stamp duty incentive, it will come as no surprise that the market has improved greatly since April.
“There will always be fluctuations in prices as pressures on supply and demand have an impact, but at this moment conditions are excellent for sellers as there are a number of buyers in the market, and they are superb for buyers as the stamp duty incentive is in place so there are saving to be made.
“If you are thinking of making a move, this could be a good time.”
