London’s Post-Lockdown Mini-Boom

Britain and England’s capital is seeing a mini-boom since lockdown restrictions have eased. Homeowners are now reevaluating their situations, lifestyle, and preferred locations. Clear proof that the market is moving again is in the figures; according to Rightmove, the average property in Britain is reaching £320,265 this month – the highest figure since the site started its report in 2001.

This new buyer surge is also put down to the new stamp duty giveaway; a stamp duty holiday that means a house below half a million pounds pay NO RESIDENTIAL STAMP DUTY at all. Has there ever been a better incentive to make that move?!

With Airbnb, Homestay, and other short-stay site’s hit the hardest, with little sign of easing in the coming summer months while international flights are in turmoil, many landlords are considering longer lets to make up their shortfall. Has there ever been a better incentive to consider that longer more reliable let?!

It’s now been two months since the government lifted the ban on socially distanced property viewings but it seems that the public is only now feeling safe to do so. At Eureka Property, we are stringent in following Government guidelines – we speak with our vendors in-depth to ensure the viewings are as clean and as socially distanced as possible.

At Eureka Property we specialise in London sales and rental. We also provide mortgage advice and property services. If you would prefer an online consultation we are more than happy to arrange one. Please get in touch to see how we can help you – 020 8888 2288

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