Whilst we are technically still awaiting confirmation in next week’s Budget, I am sure many of you will have seen the news that the government have decided to extend the current ‘Stamp Duty Holiday’.
Chancellor Rishi Sunak is set to push the March 31st deadline back a further 3 months to the end of June, and although it has not been confirmed whether this extension will encompass ‘new buyers’ or just those already in involved in a sale who fail to meet the current March 31st deadline (which is currently estimated at over 100,000 transactions!), it will be welcome relief to many (including thousands of solicitors and conveyancers!!).
Continue reading » “Stamp Duty Holiday Extension”
Those of you who are regular readers of our updates, will remember us mentioning our friendly behavioural economist Roger.
During the first lockdown, he was flying in the face of all the doom mongering media and their predictions for a long recession, and instead telling us we were all in for a huge rebound, following the pent-up demand, with everyone starting to spend again as lockdown eased.
As Roger often puts it himself, he is “…broadly right, the majority of the time…”, and certainly in property terms, it appears this was another of those occasions!
Continue reading » “Economic Update”
We are indeed in remarkable times – life changing, very sad, hopeful, frightening, unprecedented (in most people’s lifetime) – and all at the same time!
There are also an increasing number of positive stories staring to circulate; hope around vaccination, schools reopening (yes please!), holidays, and the economy rebounding.
The local property market (both Sales and Lettings) here in our beautiful part of the world are also experiencing unprecedented demand, and can be described with confidence by the word ‘vibrant’ (can you tell I have been helping with home schooling?) – so much so, that some new listings are attracting more than one buyer (six on one home!) who are ready willing and able to proceed, and we are receiving multiple applications on nearly all of the new lettings properties going live!
Continue reading » “Strange Times…”