These are challenging times for many people, and there will be vendors questioning whether buyers are looking for property right now. At Austin Property Services, we have welcomed so many buyers and vendors recently, we know that there is significant demand for homes in and around Bournemouth.
The reasons for this activity are clear, and there is a range of factors to consider. If you are looking for assistance in the market, or you want to discuss your options, please get in touch and we’ll be happy to help.
The housing market is currently buoyant
There has been considerable activity in the housing market since it re-opened. Some experts believe this is a temporary measure, but it has lasted until September, and there is no sign of slowdown.
The stamp duty holiday has changed the market
The stamp duty holiday, in place until 31st March 2021, provides buyers with the chance to save up to £15,000. This is a significant saving for many buyers.
Rightmove’s property expert Miles Shipside said: “This move will help to keep the nation and wider economy moving because keeping the current momentum going will help prevent destabilising falls in property prices as unemployment grows, and enable a quicker economic recovery. Lockdown prevented 175,000 would be sellers from coming to market so we hope this Stamp Duty holiday will provide the spur for those missing movers to come to market.”
Some people wish to move before a second wave of the pandemic
There are fears about another wave and associated lockdown. If this was to happen, many people would prefer to be settled in their new home by this point. Therefore, a lot of people are looking to move home soon.
Christmas remains a driving factor for some buyers
Anyone looking to be in their new home before Christmas should start the moving process as soon as possible. With this year being a challenging one, a lot of households are keen to make the festive season an enjoyable one.
One of these reasons would be more than enough for most people to feel confident about entering the market. However, as there is an abundance of reasons, you will find there are more than enough reasons to place your home on the market.
Jacqui Harley is the Head of Conveyancing at JMP Solicitors, and he said; “Whether you’re looking to get on the property ladder, move home, buy another property or add to your portfolio, now is a good time to get moving in the current climate as the housing market is particularly buoyant. We have compiled a list of top reasons to move now, to outline what is available in the current climate for those who act swiftly to make the most of this window of opportunity.”