Property Trends We’re Seeing in 2021
The coronavirus pandemic has brought about some interesting property trends and according to Which, the housing market is booming.
The UK housing market remained open during the first lockdown, but only moves for very limited reasons were allowed. In May 2020, rules were relaxed to allow visits to estate agents and properties.
Estate agents have found ways to work safely too with social distancing, cleaning surfaces and face coverings with face-to-face viewings. Plus online or virtual viewings have been encouraged by the government where possible. But what other property trends are we seeing?
Capitalising On The Stamp Duty Holiday
In July 2020, buyers were handed a lifeline with the stamp duty holiday. This caused something of a boom, according to statistics. It’s not a surprise given that buyers have not had to pay stamp duty on a property worth up to £500,000. Even sellers are said to be trying to take advantage of the stamp duty holiday by upping asking prices. Arguably, there’s never been a better time to buy.
New Starts And Beginnings
We have been deprived of city breaks in the last year. But many people who swapped city living for a rural area in 2020 want to come back, according to experts. On the flip side, people are increasingly wanting to move in the opposite direction. Cornwall is a popular destination for reasons such as starting a family and to suit people’s new work schedules.
Striking While The Iron’s Hot
Another piece of big news regarding the housing market is the increase in the number of transactions being carried out as well as house prices going up. But if research by Rightmove is anything to go by, people are seemingly being more decisive. In April this year, the average time for a sale to be agreed was just 45 days.
If you’re in the process of arranging a move of your own, contact CBS Removals. We will manage your move from beginning to end whether it’s a domestic or commercial move.