The property prices have remained unexpectedly firm and increasing during the last 12 months and 2021 is forecast to grow 4% with 2022 by 5%, with an expected 20% during the next 5 years, source Knight Frank, Estate Agents.
A range of positive factors have and will continue to influence this:
- The pandemic and consequential work from home is encouraging people to buy/rent properties with gardens and space for an office.
- Stamp duty, the £500k extended to June 30th, reduced to £250k to September 30th, thereafter to £125k.
- Low interest rates continuing.
- The governments new guaranteed 5% deposit 95% mortgage scheme
Our advice would be to not delay your decision to market your property and take advantage of a saving of up to £15, 000 in stamp duty. Your property will need to be under offer by the end of April latest to combat the lengthy conveyancing process currently occurring due to high demand.
Our bespoke service and attention to detail with our clients will enable you to feel confident with your moving process and that as your agent we will act in your very best interests during these challenging market conditions.
We would encourage you to take a look at our exemplary service which is reflected in our Google reviews. Also, if you need any further information please do not hesitate to contact us.