Blog - Residential sales
Tuesday, September 15, 2020
If you want to complete your property sale in time to take advantage of the Stamp Duty holiday, you need to get moving. At least that is the advice from both the Conveyancing Association (CA) and NAEA Propertymark. Similarly, property portal Rightmove advises home-movers to allow six months to complete their sale and take advantage of stamp duty savings before the deadline. On average, vendors need to put their property on the market by 26th September to complete before the stamp duty holiday deadline of 31st March 2021.
Friday, August 14, 2020
Waterside living has always been popular, especially during a long hot summer when a river or lakeside view is instantly calming and cooling. Early morning mists can be stunning and waterside properties are often in high demand, especially if the property takes full advantage of its situation. This four bedroom detached house in Waylands, Wraysbury does just that with stunning views across the lake from the rear of the property.
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.