So the Stamp Duty petition is set to be debated next Monday 1st February, I’m sat here pondering where this will lead? There are much publicised fears that the current holiday ending on 31st March will result in transactions falling through if they have not successfully completed, however surely an extension will only result in deferring this same issue by a few months?
I imagine an extension will result in another surge in the market, putting the same pressures on property professionals to complete the transactions in a set period of time, with the same imbalance of resources.
We’d all love to see business boom throughout 2021, but surely during lockdown when we are instructed to minimise contact with others the last thing we need is a stampede?
Recent weeks show strong evidence that committed buyers are still actively looking to move, with many properties experiencing multiple bids – the result of poor supply, and significant changes in the way people are living and working. Statistics show that new properties coming to market are down against last year, while demand remains high so it stands to reason that demand will continue to outstrip supply.
Therefore, sellers – bring your homes to market, let’s maximise the marketing of your property with fantastic photography and a 3D showcase enabling the very best in virtual tours, all supplemented with well-qualified, vetted, Covid-secure viewings. Alongside a smart, consultative approach to estate agency we can get you moving, without the need for a stamp-duty holiday induced stampede, which will likely result in disappointment for many further down the line, regardless.
Please contact me directly if you'd like to discuss a market appraisal of your home, firstname.lastname@example.org 01453 860980