Can you still buy property during lockdown?

October 29, 2020

Are you confused by the various lockdown restrictions and tiers that are in place across the UK? If so, you’re far from alone. As the government’s attempts to balance the economy with curbing the spread of the virus continue to unfold, plenty of people are unsure about quite what they can do and where. 

There has certainly been confusion within the property sector, as agents and developers scramble to work out where viewings can take place and where they can’t.

“Every sector has been impacted by the COVID-19 pandemic in one way or another. Within the property sector, arranging viewing has become more complicated as a result of different locations being in different tiers, so agencies are working closely with buyers and investors to enable them to see the properties that they are interested in, in the safest way possible.”

Dale Anderson, Managing Director, Fabrik Invest

One way that Fabrik Invest is doing so is by delivering virtual viewings. Investors can tour the property from the safety of their home, while the company guides them through not just the apartment itself but also the local area. The Fabrik team also use software that can compare the price per sq ft in surrounding area and on the same street, using the latest technology to give potential investors a comprehensive viewing experience.

“Our goal is to do all we can to enable investors to make informed decisions about what’s right for them – not to push for the sale at all costs. Some investors will wish to see the property in person, but we’ve found that many are delighted to participate in the virtual viewing process and use that to inform their decision-making.”

Dale Anderson, Managing Director, Fabrik Invest

Of course, not all virtual viewings take place as a result of the city being in lockdown. In some instances, the investor may simply be taking a cautious approach to potential COVID exposure and minimising their time outside of the home. In other cases, buyers from overseas might find it more practical to invest without having to take the time to visit the U as part of the process. 

Liverpool was the first UK city to be placed under Tier 3 restrictions. As a result, Fabrik Invest was quick to offer virtual viewings of the beautifully presented apartments at The Roscoe, in the heart of the city centre. The 82 one- and two-bedroom homes are priced from £135,950, with construction already underway. 

As the impact of the pandemic and the government’s response to it continues to unfold, it’s likely that the property sector will be faced with further hurdles. Thankfully, through the kind of proactive approach and embracing of technology discussed above, investors will still be able to pursue their financial goals and buy property even in the midst of local and even further national lockdowns. 

Contact Fabrik Invest on 020 8175 9891 or enquiries@fabrikpropertygroup.com or visit www.fabrikinvest.com to find out more. 

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Wayne Venter

International Business Development Manager

Wayne has been in the property industry for over 17 years. He started out selling residential properties in the northern suburbs of Sandton, South Africa, for one of the bigger real estate brands, before moving to a boutique, Johannesburg-based property developer. He worked at a senior level, specialising in residential developments on the north coast of KZN and various other areas of Northern Johannesburg.

Wayne moved to selling luxury, free standing homes and apartments in Sandton, Johannesburg in 2006, having joined the Country’s leading real estate brand and within six months was leading the team. In 2008, he began to focus exclusively on the luxury apartments in central Sandton, priced from approximately R2 million to R60 million. Over the years, he has also added commercial property sales and rentals to his repertoire, as well as building his own investment property portfolio between 2011 and 2018.

By 2018, realising where the South African property market was headed, he sold out of his investment property portfolio to de-risk and went looking for a real estate company to buy into. South Africa’s property market was extremely volatile at that time, so Wayne took the initiative and moved to London to work in property in the UK.

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Edward Snell

Senior Property Consultant

I live in Spanish countryside with my wife and our 11 rescue dogs.

Originally from Bedford, I have two sons, two step children & 6 grandchildren.

I have a keen interest in property investment and over the years have built up a personal portfolio for the purposes of rental income and capital growth.

I have over 20 years’ experience in property investment, both in the UK & overseas.

My other interests include animal welfare, football, motorsports, travel and music

My personality is of an even temperament and I enjoy the cut and thrust of doing deals.
I am happy and successful in what I do & take great pleasure in providing my clients with successful outcomes.

I’m a good team player but work well as an individual.

Daniel Harburn

Property Sales Consultant

Daniel had a passion for property from a young age so he began his working life by undertaking a plumbing apprenticeship for a large well known UK developer to pursue a career in construction. After qualifying he soon realised that building relationships was a preferred skill of his due to his loyal and trusting nature.

From then on Daniel launched his career in sales where he worked his way to to a high performing sales person at a creative media company. Part of Daniels success in accumulating clients over the last 10 years is put down to his diligence in customer experience.

Daniel has a keen interest in golf and also in keeping himself fit which is essential as he and his fiancé have 4 year old twins, Jacob and Sofia who keep them both on their toes.

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