This week Rightmove forecasted a 4% national average price growth in 2021. We expect quarter one to be a busy one as the stamp duty deadline approaches, with a logjam of properties currently changing hands. Many uncertainties remain in 2021 but based on this year, we expect buyer demand to remain healthy, and we will continue to need new instructions to satisfy this demand.
Also, this week the Government announced that the Stamp Duty deadline will not be extended beyond the 31st March 2021. So far this month, we have seen an improving situation with a higher than expected level of sold STC properties proceeding to completion of contracts. However, we still expect to see a high level of completions take place within the first quarter of 2021.
We would be delighted to hear from you if you need to sell in 2021. Last week we launched a new full 360 virtual walk around tour with 3D floor plan and "dollhouse" (pictured) function which will give a potential buyer an excellent insight into the look and feel of a property. For more information on this superb product or to arrange a valuation in the New Year, please give us a call on 0121 296 1400.