15.09.2021

The remaining window of the stamp duty holiday is about to shut at the end of September. Till the end of the month there is still a small incentive which effectively means many buyers completing a sale before September 30th will save £2,500. We thought that after the main stamp duty holiday ended on June 30th, we might be in a for a lull before the market picked up again. But the market has still continued strongly, especially the demand for family houses. Flats are proving a bit stickier, especially ones with no outside space. But some houses are selling without advertising or appearing on websites, – there’s enough waiting buyers already registered with us to do that. Most Saturdays we have open days at specific houses with numerous appointments even though in most cases we only offer physical viewings to viewers who are either under offer themselves or having nothing to sell. We’re sorry but generally we can’t fit in people who haven’t put their own property on the market yet because in truth there’s little point when a house will get offers from people who are ready to buy and who know exactly what their budget is. But in any case, nearly all our advertised properties have video tours or 360 degree tours, – or both, – so anyone can get a very good idea of the property without actually going there. So the market for houses hasn’t cooled down as some ‘experts’ thought it might. Many people out there are still reassessing their lives in general, still learning about the likely arrangements of their working lives will work out, and considering what the pandemic and lockdowns have taught them about being nearer family and support networks. We don’t think this momentum will disperse quickly and we also feel that as all market movements eventually revert to the mean, at some point flats will begin to ‘catch up’ if there is too much discrepancy with the price of houses.