Tier 5: what does this mean for the housing market?
This week, the UK enters Tier 5, but what does this mean for the housing market? As Covid19 cases continue to rise, the UK is plunged into lockdown once more. And, as we curb the spread of Covid, the global economy goes into the worst recession since World War II. However, estate agents and the housing market in England are still in business even during the third national lockdown. The government’s official guidance for England says that agents, as with all other workers, are advised to work from home. However, if you are looking to move, the advice is that you can go to property viewings even in Tier 5.
Hands, Face, Space
It is essential that estate and letting agents keep movers safe, but also keep the housing market moving. Although viewings can take place, agents must play their part by adhering to strict safety guidelines. The latest public health campaign refers to hands, face space. This message is clear that we all need to be doing our bit to reduce the spread of this deadly virus.
Other changes could also mean that if you are selling your property, you may be required to vacate it while people view it. You may also need to ensure your property is cleaned before someone else moves in. The government recommends people moving wash their hands frequently, keeping their distance from anyone who is not in their household. If someone gets coronavirus while you’re moving house, you may have to halt the entire moving process to stop it spreading.
It seems like ‘business as usual’ for the property market, but it’s important that the economy continues to move. However, both movers and agents have been advised to take the highest levels of safety precautions to prevent further spread.
See the latest guidance on Tier 5 rules