This month we have seen record breaking temperatures but that's not all that has been hot as the property market in our area is reaching new highs.
Here at Martin & Co Thackley we're seeing a surge in the number of buyers seeking property locally and here are 3 reasons that may explain why this is the case.
Desire – Several buyers and sellers have told us they feel now is the right time to move, lockdown having accelerated many people’s decision-making processes.
Demand – Lockdown meant all moves were on hold, this ‘blockage’ in the property selling/buying pipe now having been relieved has seen a surge in demand. Many homeowners have realised where there is a demand there is the possibility of increased value so are seeking to make the most from their biggest tax-free asset.
Duty – The Stamp Duty holiday for properties under £500,000 can potentially result in people now having a larger deposit, make mortgages more available and increase affordability.
On their own, the 3 D's would not have caused such a surge in activity.
Together at the same time the 3 Ds offer the perfect climate for a red-hot property market.
If you are interested in having a chat about what this could mean to you, get in touch with us at Martin & Co 01274 589132
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18/08/20
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