The introduction of the stamp duty holiday has been welcomed by many people in the housing sector. There is no denying many people are considering making a move, because of the substantial saving on offer. With vendors encouraged by the number of buyers in the market, there is a great deal of activity in all aspects of the housing market.
This is something we have seen in and around Petersfield, and it is something we have noted nationally. If you are looking to sell your home in Petersfield, please get in touch. At Williams of Petersfield, we are pleased to say we have assisted many local homeowners connect with buyers.
A property valuation helps sell your home
One of the most important tasks in selling your home is arranging for a property valuation. As local agents, we are perfectly placed to ensure you connect with buyers and sell your home. If you need any guidance or assistance in selling your home, please get in touch with us today.
Information provided by the property group Andrews for July 2020 suggests:
- Viewings rose by 29% compared to the previous months’ viewing figures
- Physical viewings increased by 45% in comparison with the previous month
- In July 2020, there was close to 6,000 viewings, which equates to around 200 viewings per day
- In April 2020, the average was 20 viewings per day
- There was a rise of 12% with respect to offers made and accepted by vendors in July 2020
David Westgate, is the Group Chief Executive at Andrews Property Group. David said; “What a difference four months makes. In April viewings and instructions across the industry fell off a cliff as the country was gripped by coronavirus and the Government asked us to stay at home. But the rebound has been swift as lockdown eased and the Chancellor’s stamp duty announcement at the start of July gave the market a timely boost.”
We can help local buyers and vendors
We know most of the focus has fallen on buyers, but the stamp duty holiday should be viewed as a positive factor for vendors too. If you need assistance in selling your Petersfield property, we are here to assist you.
David also said; “Buyers and sellers alike have shown renewed vigour in the past six weeks. With a lengthy window of opportunity to purchase before the stamp holiday comes to an end, we expect buyer activity to remain buoyant over the coming months. And we saw an immediate uplift in valuations and instructions since stamp duty was frozen, with sellers keen to take advantage of motivated buyers and more confidence to list thanks to stable house prices.”
While there will be many challenges to come in the housing market, we are here to help.
David Westgate also said; “It won’t be all plain sailing from here, but the Government has shown how important it sees a healthy and stable property market for the general wellbeing of the overall economy. And house prices have proven to be extremely resilient in the past when faced by strong economic headwinds, which suggests the market is well placed to cope with some potentially heavy bumps in the road ahead.”
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.