The property market has reopened now across the UK. Estate agents are conducting in-person house viewings again and buyers are able to move home once more. All UK governments have also temporarily cut stamp duty. This means buyers could potentially save up to £15,000 in tax if they move home before April 2021. The government…
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According to the latest UK Property Transactions Statistics by HMRC, residential property transactions rose to 63,250 between May and June this year – a rise of 31.7%. However, largely due to the pandemic, this figure is still 35.9% lower than the same period a year earlier. On a non-seasonally adjusted basis, the number of…
No one can predict what will happen to the housing sector after the lockdown. The house prices will rise or not after the lockdown? Since March 27, when the government announced to pause property deals, many buyers and sellers have been left stranded. Mortgage lenders have withdrawn products from the market. The listing, valuing and…
The number of UK property market has fallen by 70% since the start of the coronavirus restrictions, according to homes listing site Zoopla. People were still selling and buying the properties until the start of the restrictions on 23 March, when the government advised people not to move house. However, sales have continued since then,…