What next? (and no, I’m not talking about the fuel crisis!).
‘What next?’ is a question being asked by many at the moment, and particularly within the housing industry given the ‘triple whammy’ that arrived today.
The combination of the end of the Furlough Scheme, the end of the Stamp Duty Holiday, and the changes for Tenant Evictions, all came to an end overnight, and has left some wondering how it will impact the housing market and wider economy.
It’s official! For the 4th year running we’ve been awarded the highest rating in estate agency in the Best Estate Agents Guide 2021/22!
Each year The Property Academy work alongside Rightmove to create a definitive guide to the best estate agents.
Every agency in the country is rated on their property marketing, customer service and results, through a combination of performance analysis and mystery shopping – we’re very proud to be in the top 5% of the entire country!
This week, we were again privileged to hear the latest thoughts from our friendly behavioural economist Roger Martin-Fagg.
Roger uses his study of human behaviour to predict economic trends, and the impact they will have on UK industries. Regular readers will remember me saying that Roger describes himself as being “…broadly right, the majority of the time…”, and his predications for the last year or so have followed this pattern, despite many of them not being widely held views at the time!
A thought or two on the current property market in the lakes and surrounding areas of north Lancashire and the western fringes of Yorkshire.
Many people in Britain would probably be able to name Windermere, Ambleside, and Keswick. Others might know Kirkby Lonsdale and the Lune Valley. Some perhaps, may know of the simply delightful towns & villages along the Kent estuary and Morecambe Bay, from Bolton-le-Sands to Grange-over-Sands.
Perhaps what you might not expect would be for the village of Warton, situated between Carnforth and Silverdale, to be the number one staycation destination in Britain!
Firstly, what is a buyer in today’s fast-moving market?
The vast majority of those currently buying, are people who are able to exchange contracts quickly, either because they are first time buyers with a mortgage offer already in place, or because they have sold their own home and are renting (or staying with family), or they simply have the cash to exchange and complete!
For those living in the more rural parts of this beautiful region, who haven’t heard of B4RN before, I would like to suggest that you look into it a little further, as it could well be of benefit both to you now, and for your property should you decide to sell or let it out in the future.
Along with all the other changes we have seen over the last year, there has been a huge increase in the number of people requiring better and faster internet connections, both for home working and for watching the likes of Netflix and Amazon Prime.
Like I am sure many of you, we have been looking at the implications from the Budget announcements on Wednesday, and like us, I suspect most of you thought it didn’t hold too many surprises, given the government’s recent pattern of ‘leaking’ information ahead of time, and then confirming their plans.
Whilst there were lots of very big (and quite scary!) numbers, certainly in terms of the country’s debt, following all of the various support packages for the pandemic, there were also a number of very positive and encouraging signs, with the economy predicted to rebound to pre-covid levels later this year, as the vaccine rollout continues, and life get back to some sort of normality.
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!!).