With reports of falling demand, next Tuesday could be a test of the property market.
According to Moneypenny, the phone answering service used by a number of agents, telephone calls to its property clients normally shoot up immediately after May bank holiday weekends.
Moneypenny says calls rose by 34% on Tuesday, May 3, compared to the same day the week before.
In previous years, the second bank holiday weekend in May has historically been the busier of the two extended breaks, with call volumes being 13% higher again.
Normally, therefore, there would be a 47% spike in phone calls to Moneypenny on behalf of agents – no doubt partly because a number of agents will be on holiday during the half-term break and firms need cover.
However, it will be interesting to know whether your phones are ringing off the hook come Tuesday morning, or are ominously silent.
I once had a telephone supplier call me to ask if something had gone wrong with our lines as the calls dropped dramatically over a two week period. It seemed that I wasn’t the only one who went on holiday over that period!
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