March has seen the stamp duty holiday extended to the end of June which has enabled buyers to maintain that saving for an additional three months if they can complete by end of June.
We have found that although it is a buyers' market officially our vendors are receiving excellent offers above and beyond the marketing price due a reduced level of properties coming to the market.
There has been a big increase in valuations as many people are considering the return to normality and wanting to get up-to-date market valuations on their homes and investments. We are continuing to value properties and forecast a big surge in properties coming to the market in the coming three months as the Covid restrictions are slowly lifted.
All the reports indicate an increase in the property values of 7.5% by the end of the year but I feel these are slightly inflated, as more properties come back to the market the prices will level out, however as a vendor, now is a great time to take advantage of the plethora of buyers looking for that right property to take advantage of the stamp duty holiday before the end of June. If you would like an up to date market valuation please contact the Edgware office.
We have also seen an increase in buy to let buyers coming to the market and have been working closely with clients to ensure their expectations are met in terms of rents achievable and many are being marketed before completion for tenants to be able to move in just after completion therefore keeping the momentum moving and the rent coming in.
Social media is of course a big part of daily life now and through Facebook, Instagram, Twitter as well as our video tours and blogs through our websites we are seeing many new ways of keeping our clients up to date.
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