Blog - Residential sales
Friday, July 31, 2020
A survey by Nationwide in May 2020 highlighted several behavioural shifts as people have reassessed their housing needs and preferences following a period of life in lockdown. Some 15% of those surveyed for example were considering moving as a direct result of life in lockdown and with this came new, different requirements in terms of their ideal home.
Tuesday, July 14, 2020
Last week’s announcement by Chancellor Rishi Sunak that the stamp duty threshold has been raised with immediate effect to £500,000 until 31 March 2021 is welcome news for homebuyers in England and Northern Ireland. This move will cut the average stamp duty bill by approximately £4,500, with almost 90% of homebuyers set to pay no stamp duty at all. Those buying second homes and investors purchasing buy-to-let properties will also benefit, however they will still be required to pay the 3% extra duty due on the entire price.
Friday, June 19, 2020
It is now six weeks since restrictions on property transactions in England were lifted, and indications demonstrate the resilience with which the market is robustly bouncing back from lockdown. It may take three months or so for the housing market to reach a ‘new normal’ but the early signs are good for those looking to sell their property. Demand is strong having been pent up over eight weeks lockdown, the market currently has approximately 50% fewer homes for sale compared to June 2019 and UK-wide average asking prices have risen 0.7% in the past month.
Friday, June 12, 2020
With current government restrictions on viewings, time spent inside the property is at a premium so be prepared for your viewing to make the most of the time available. Here are some of our top tips.
Tuesday, May 26, 2020
Now that property sales and rentals can take place again, you may be wondering what happens on viewings and what new safety measures are involved. The following information is designed to help you to understand what is required in the current scenario.