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Whether it’s due to financial uncertainty or the lockdown, the COVID-19 pandemic has affected many home movers in Bromley who were previously buying or selling a home. But, over the course of the last few weeks, we’ve seen some significantly more positive news about the state of the UK property market. Things are picking up and there’s a lot for homebuyers in particular to be...
The June Housing Market Survey by the Royal Institute of Chartered Surveyors showed a marked improvement in enquiries, agreed sales and instructions even before the stamp duty holiday announcement. Meanwhile, the Office for Budget Responsibility has published revised forecasts. Their central scenario estimates 750,000 homes will sell this year. Given that over 330,000 sold in the five...
Rishi Sunak The Chancellor of the Exchequer  has this week announced that there will be no stamp duty payable until the end of March 2021 on properties upto £500,000 in value.  This is up from the current threshold of £125,000.  This could be excellent news for anyone looking to buy or sell a property in Bromley or the surrounding areas. Additional home duty...
HMRC estimated 46,230 sales in May, 25% higher than April. With plenty of pre-lockdown sales still to complete and Dataloft Demand Index reporting a huge surge of consumer interest in the housing market, the total could rise by 60% in June. 9,250 sales exchanged per week in April when the UK was in lockdown. Assuming the same rate in the first three weeks of May (professionals not fully...
Currently only 31% of Britons' second homes are purchased in the UK. With staycations on the rise, accelerated by Covid-19, could we see an increase in holiday homes purchased in the UK? Pre Covid-19, the number of people holidaying abroad was slowing. In 2019 there was the slowest growth in UK residents holidaying overseas since 2012 and in January 2020, there was the lowest monthly...

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