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The local property market - August week 3

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21 August
Aug 21
21st August 2020

Activity remains strong as buyers across the region appear to be swapping sand and sun for bricks and mortar as demand for property continues to soar well into the summer. We usually see the housing market slow down at this time of year as people go on their summer holidays. Still, due to the lockdown period, many prospective buyers and sellers have decided to resume their plans.According to Rightmove within the West Midlands, property prices have increased annually by 5.8%. The average current ...

The local property market - August week 2

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17 August
Aug 17
17th August 2020

Activity levels remained stable again this week with another 266 potential buyers registering with us. For the month so far we have registered 510 new potential buyers, carried out 578 viewings and received 99 new offers. According to Rightmove, the post lockdown mini-boom has accelerated rather than slowed down, with property sales agreed over the past month hitting a record high of more than £37bn. Buyers appear to be ignoring the usual summer holiday slowdown; the property website re...

The local property market – August week 1

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7 August
Aug 7
7th August 2020

This week, despite the hot weather, activity levels remain strong. Having reviewed our database, we currently have the following numbers of registered and qualified buyers looking within the following price ranges. 1782 looking up to £200,000 1120 looking up to £250,000 891 looking up to £300,000 505 looking up to £350,000 453 looking up to £400,000 262 looking up to £450,000 277 looking up to £500,000 Are you looking to sell? Now could be a great time to take adva...

The local property market - July week 4

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3 August
Aug 3
3rd August 2020

July proved to be the busiest month so far this year. We registered 1150 new potential buyers, arranged 1196 viewings and received 175 new offers. The buyers we registered are looking at a broad range of properties from small one bedroomed apartment’s to properties in excess of one million pounds with many of them looking to take advantage of the recent stamp duty changes. Are you looking to sell? Now could be a great time to take advantage of the demand we are currently receiving. We ...

Start looking for your property now to benefit from the stamp duty reduction

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2 August
Aug 2
2nd August 2020

Did you know Stamp Duty had been removed or reduced until the 31st March?This is indeed great news, however, it can take 3 to 4 months from finding a property to completing contracts so buyers really need to have found something in 2020 to ensure that they secure these fantastic reduced rates.Read below for more information:Residential Rates on purchases from 8 July 2020 to 31 March 2021If you purchase a residential property between 8 July 2020 to 31 March 2021, you only start to pay SDLT on the...

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