The Property Market is on Fire
Since the relaxation on the restriction of movement came in to place, the property market has been really good. Meaby & Co LLP have seen a huge increase in both sales and purchases, as well as other property transactions. Sales are up which is good news for the housing market.
Changes to Stamp Duty acted as the bait, but an overwhelming urge of so many people wanting to move out of crowded cities is also a big attraction.
Most people, including myself will not be boarding a plane any time soon, let alone staying in a hotel or bed and breakfast. This has had an effect on the short-term rental business as solutions are trying to be found in response to coronavirus related cancellations.
As you can imagine a lot of owners of these establishments will have to offer full refunds to holiday makers. This will result in a substantial loss of revenue for their businesses that depend on the funds to pay their mortgages. A lot of these properties are now being listed for sale and now is a good time to buy as it is a Buyer’s market. Typically, there are now more houses for sale and competition is fierce amongst Sellers. When properties are priced correctly, they sell fast and Seller’s who need to sell will do so at the correct price or even a reduced price for a quick sale and you can expect to get a good deal. However, once you have found your good deal, do not leave your conveyancing to chance, cheapest is not the best. Contact us at Meaby & Co for advice, a competitive quote, and an excellent personal service.