Moving House to North London Post Pandemic: Key Trends and Insights for 2020
2020 brought significant changes for everyone. With lockdown measures in place, many families spent more time at home and realized they needed more space or perhaps a balcony or garden.
During the lockdown, moving house in North London became nearly impossible. However, as restrictions eased, estate agencies reopened, removal companies in North London resumed operations, and more properties entered the market.
Impact of the Pandemic on the North London Housing Market
London faced some of the harshest impacts on its housing market. The high population density and difficulty with social distancing on public transport slowed the market. However, as health and safety measures improved on transport systems, more people started looking for property in North London.
Experts predict a 3% decline in house prices across the UK. However, London’s property market will likely see only a 2% decrease. For example, before the lockdown, properties in North London areas like West Green, St. Annes, and Cricklewood sold at least 5.9% above the London average.
Despite the predicted drop, North London property prices will likely stay above the London average, remaining at around 3.9% higher. Sellers can still expect a good return, and buyers will have a chance to find bargains. Experts predict North London property prices will rise by 3% in 2021.
Post-Pandemic Property Trends in Walthamstow and Tottenham
Walthamstow: A Hidden Gem for Buyers
Before the lockdown, Walthamstow property prices had dropped by 1.6% year on year, remaining 22% below the London average. After the pandemic, experts expect a minimum 2% drop in prices, presenting opportunities for buyers. The area is known for excellent transport links and the scenic Walthamstow Wetlands.
Tottenham: A Hot Spot for Future Growth
Despite the pandemic, Tottenham property prices showed consistent growth over the past five years. The area boasts excellent transport links, a rich cultural scene, and the newly built Tottenham Hotspur stadium, making it a prime location for potential buyers. The area’s popularity continues to rise due to its diverse culture and local amenities.
Moving to North London in 2020: Essential Tips for a Safe and Successful Move
As the property market in North London recovers, stay mindful of health and safety during your move. Here are five tips to ensure a smooth process:
- Wear a face mask and stay at least 1 meter apart during property viewings.
- Use hand sanitiser before and after each viewing.
- Wear gloves and a mask while moving and keep social distancing.
- Hire professional cleaners to disinfect the property before your move-in.
- Check the removal company’s COVID-19 policy to ensure their safety protocols meet current health guidelines.
If you plan to move house in North London, contact our expert team today for assistance.
