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?!