Petersfield Delivers What Buyers Are Looking For In A Home

At Williams of Petersfield, we care about the local area, and we believe Petersfield is an excellent destination to set up home. Our experience in the area means we know what is on offer, and we know how welcoming the local community is.

At times like these, community is essential, and we think buyers will love Petersfield life. If you are looking for a home in the area, get in touch and we will be happy to talk you through the benefits of Petersfield life.

If you are looking to sell your Petersfield home, what better agent can you choose than one that is passionate about the local area? We will help you connect with buyers, and this sells your home. If you would like to arrange a valuation, get in touch and we will ensure you enter the marketplace with the greatest confidence.

However, we know some people might think we are biased. This is why we are glad to know what other people think of Petersfield. The OneDome site is a good source to get an overview of a local area, and we are pleased to say they think a lot about Petersfield. With an overall score of 7.6 out of 10, it is fair to say the OneDome site recommends Petersfield, and we agree.

Education scores 10 out of 10

Education is one of the most important features for buyers to consider when looking at property. School places and the standard of schooling impacts demand and local prices. Therefore, a perfect score in this field is impressive, and it is easy to see why there is considerable support for Petersfield’s schools.

Petersfield Infant School, Herne Junior School, Churcher’s College and The Petersfield School are all cited as good schools within walking distance from the heart of Petersfield. If you would like to know more about how the standard of schools impacts demand for homes in Petersfield, please get in touch.

There is a lot to like in Petersfield

Other highlights from the Petersfield report card includes:

  • Grocery shopping receiving a score of nine out of ten
  • Lifestyle receiving a score of seven out of ten
  • People who like a quiet life will appreciate the mark of seven out of ten
  • Petersfield is recognised as a safe area and has received a score of seven out of ten in this area
  • Transport has been classed as a seven out of ten feature in Petersfield
  • Green space has been marked as six out of ten

With so many positive reviews, we think you’ll love what Petersfield has to offer. To find out more, please get in touch.

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

March Budget – Housing Issues

The March Budget mainly focused on measures being introduced to halt the Coronavirus, which meant the housing market didn’t receive as much focus as people expected it to. Given housing was a priority for the Conservative Party in the build-up to the General Election, it is understandable that this was tipped to be at the heart of announcements.

Of course, times change, and there was a need to focus on halting Coronavirus, and providing support for those who need help. However, there were still some housing measures introduced, and as you would expect, there has been debate as to how suitable these measures are.

Stamp duty surcharge will be introduced

In 2021, there will be a 2% surcharge on stamp duty for non-UK residents buying property in the country. A lot of people have said this is a sensible move, and one which will help people buy property. Of course, there is also an opinion that this is unlikely to create the outcome many people hope for.

Some of the criticism levelled at the measure include the fact it is a measure mainly focused on the London property market. Another complaint is related to the measure being introduced next year, which means there is nothing to stop prospective non-UK buyers snapping up property this year.

Mark Hayward is the Chief Executive of NAEA Propertymark, and he has spoken about the stamp duty surcharge, saying; “If introduced, this policy allows those in the UK to have a better chance at purchasing a home. However, overseas buyers tend to purchase properties in prime central London which are completely unaffordable to most homebuyers anyway. Therefore, this move will not help those that need it most.”

Richard Donnell is the Director of Research & Insight at Zoopla, and he said; “The additional 2% Stamp Duty surcharge for non-UK resident buyers represents the latest in a long series of tax reforms, and may have a short-term impact on demand in higher value markets once it is introduced. For those who are looking at a longer-term hold, the additional upfront purchase cost will diminish in significance over time. In the interim, however, there will likely be some increased activity among non-UK residents looking to purchase before the new rules come into force.”

Is enough being done to support landlords?

There has also been criticism for the Government for not doing enough to support landlords and the letting industry. The Residential Landlords Association and the National Landlords Association issued a joint statement criticising the lack of backing for this sector.

The statement said; “The Government is undermining its own efforts to boost homeownership through its attacks on the private rented sector. By choking-off supply and making renting more expensive it is tenants who are hardest hit. Ministers need to wake up to the reality of the damage their tax measures are doing to the private rented sector and support landlords to provide the new homes for private rent we desperately need.”

Whatever move you intend to make in 2020, you can rely on Williams of Petersfield to provide you with support and guidance. We are pleased to provide you with a property valuation, which is an essential component in placing your property on the market. No matter what assistance you require, contact Williams of Petersfield today, and we will be more than happy to assist you.

Will There Be Stamp Duty Changes In Budget?

There is every chance the March 2020 Budget will be significant for the housing market. The Conservative Government has announced significant plans regarding the UK housing market, and this Budget represents their first chance to bring these changes to the fore.

Stamp duty is crucial in the sales process

Whether you are buying or selling a home, stamp duty is critical. While no one knows what will be announced, there is a growing expectation of stamp duty charges for non-UK residents who buy property. Some experts have tipped changes to the stamp duty threshold.

Richard Donnell is the Director of research and insight at Zoopla, and he has spoken about proposed stamp duty changes in the Budget. Donnell said; “It’s time for the Chancellor to turn his attention to the core housing market and review the price bands and five per cent stamp duty rate that covers averaged priced homes across large parts of London and the commuter belt. No government wants to cut taxes indiscriminately, particularly when losses could be high. However, any cut to the rate of stamp duty could stimulate much-needed marketed activity in southern England in particular.”

Mark Bogard of the Family Building Society, issued an open letter to the Chancellor, saying; “Our view is that SDLT should be reviewed urgently and changes made to the rate to encourage downsizing and free up the market.”

Neil Cobbold, is the Chief Sales Officer at PayProp and he isn’t sure if stamp duty will change in this Budget. He said; “Stamp duty is a hot button for consumers and property professionals, so the calls to reform the system are always plentiful in the lead up to a Budget. It appears that the Prime Minister has put any plans to overhaul the controversial tax on ice. However, Boris Johnson has previously said that stamp duty rates are ‘absurdly high’ so there could be changes later in his tenure.”

Cobbold also said; “In the meantime, property professionals and consumer groups will continue to lobby politicians to reduce the pressure. Reconsidering the three per cent surcharge on additional homes and the tax rates which affect the very top end of the market would be a good first step.”

There is a broad range of opinions on this Budget

Matthew Hillyer is an associate director of a loans company and he is also hesitant to say stamp duty will be cut. He said; “My response to clients who have asked about stamp duty cuts, has been that it is highly unlikely. A government who is taking a big economic hit from Brexit is not going to be giving out any tax breaks on what is a very good income generator for them. If house sales were slowing down solely due to the level of stamp duty people have to pay then the government may consider reducing the tax. But all the evidence we are seeing since the start of this year is that it was the fear of a Labour government and possible property and wealth taxes that was actually stopping people buying in the prime space.”

At this point, we don’t know what will happen in the March Budget, but whatever is announced, we are here to assist you. We are pleased to say we have helped many Petersfield vendors sell their home, and this remains the case in 2020. We are happy to arrange a property valuation for you, and we take you from start to end with the sales process. Contact Williams of Petersfield today, and we will be delighted to assist you.