Why Government is right to reopen housing market: The Yorkshire Post says

Government minister Robert Jenrick admitted this week that the surprise reopening of the housing market may seem “confusing at first glance” given people are now allowed to view a stranger’s property but still prevented from going inside the home of a loved one.
The housing market has been reopened by the Government as part of the easing of lockdown. Picture: Andrew Matthews/PA WireThe housing market has been reopened by the Government as part of the easing of lockdown. Picture: Andrew Matthews/PA Wire
The housing market has been reopened by the Government as part of the easing of lockdown. Picture: Andrew Matthews/PA Wire

But with strict new guidelines in place – including a continued ban on open house viewings and current occupiers being told to stay out of properties while a viewing is going on – the measure is not only one which will provide a much-needed shot in the arm for the economy but will also let hundreds of thousands of people out of the limbo of being trapped between house moves.

According to the Government, more than 450,000 buyers and renters have been unable to progress their plans to move since March, with Zoopla saying £82 billion worth of housing sales had been stalled in the process. Sales also equal Stamp Duty payments that will provide a much-needed boost to Treasury coffers.

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This is about much more than protecting house price values; for better or worse property sales are the heartbeat of the economy and their renewal will trigger increased spending through builders, tradespeople, removal firms and solicitors to name just a few areas.

People looking at the signs in an estate agent's window in north London in 2016. Picture: Yui Mok/PA WirePeople looking at the signs in an estate agent's window in north London in 2016. Picture: Yui Mok/PA Wire
People looking at the signs in an estate agent's window in north London in 2016. Picture: Yui Mok/PA Wire

Yorkshire estate agents are also reporting changing priorities from prospective buyers in the wake of the lockdown; good broadband speeds have become a must as millions more work from home, along with bigger gardens.

But as we get used to a new way of life, bricks and mortar will continue to play a vital role in the health of the nation’s economy.

Editor’s note: first and foremost - and rarely have I written down these words with more sincerity - I hope this finds you well.

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Almost certainly you are here because you value the quality and the integrity of the journalism produced by The Yorkshire Post’s journalists - almost all of which live alongside you in Yorkshire, spending the wages they earn with Yorkshire businesses - who last year took this title to the industry watchdog’s Most Trusted Newspaper in Britain accolade.

And that is why I must make an urgent request of you: as advertising revenue declines, your support becomes evermore crucial to the maintenance of the journalistic standards expected of The Yorkshire Post. If you can, safely, please buy a paper or take up a subscription. We want to continue to make you proud of Yorkshire’s National Newspaper but we are going to need your help.

Postal subscription copies can be ordered by calling 0330 4030066 or by emailing [email protected]. Vouchers, to be exchanged at retail sales outlets - our newsagents need you, too - can be subscribed to by contacting subscriptions on 0330 1235950 or by visiting www.localsubsplus.co.uk where you should select The Yorkshire Post from the list of titles available.

If you want to help right now, download our tablet app from the App / Play Stores. Every contribution you make helps to provide this county with the best regional journalism in the country.

Sincerely. Thank you.

James Mitchinson

Editor

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