So what has happened to the market since the stamp duty holiday has started to be phased out?

So what has happened to the market since the stamp duty holiday has started to be phased out?

15 September 2021
So what has happened to the market since the stamp duty holiday has started to be phased out?

So what has happened to the market since the stamp duty holiday has started to be phased out?

Well, firstly the assumed decline in buyer interest has certainly not happened!

Yes, there are less frantic calls to our offices from panicked buyers, stressing about whether their search results and mortgage offers will be back in time for the end of June.

Yes, most staff and conveyancers/solicitors have taken some sort of well-earned holiday over the last few weeks to recover and refresh after what has been one of the busiest periods in house sales for decades.

But despite stamp duty charges returning to normal at the end of this month, we have still continued to see record levels of enquiries across our network, multiple offers (some times in the dozens) being submitted on properties, leading to record busting prices and properties being sale agreed within hours of coming to the market.

This has led to is a severe shortage of available properties on the market in all price ranges and a sense from some that the market maybe overheating.

However, in our opinion, whilst the market is currently experiencing never before seen activity levels and results, there won’t be any let up anytime soon.

The distinct lack of stock and, at times, almost obsessional appetite from buyers will keep prices strong and we see this set to continue for the foreseeable future and certainly well into next year and beyond.

The same can be said for our lettings departments, who have been flooded with new tenant enquiries since the lifting of the first lockdown in May 2020 and are still finding they have multiple applications coming in for all types of properties from studio apartments to large family houses.

Whilst Goadsby and all our competitors are experiencing a severe lack of new properties entering the market for sale and to let, we also know that the whole country has been turned upside down and inside out during the pandemic.

Most people will be looking forward to, hopefully, booking a holiday next year once there is even more clarity and control over Covid-19.

With this in mind we thought it would be a good time to launch our latest incentive.

All you need to do to be in with a chance of winning £2,000 towards next year’s holiday is instruct Goadsby to sell or let your property before the end of this November.

Full details of the giveaway can be found by clicking here.

With our teams refreshed from their breaks in the summer we are ready and waiting to sell or let your property.

You can request your valuation by clicking here.

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