It has been another interesting month in the housing market with the latest 2021 RICS UK Residential Survey results reporting a continued softening in market activity last month, although members responding to the survey are apparently reporting they do expect activity to stabilise and take a modestly positive trend looking ahead over the next twelve months. Some of the reports key findings are:
Legislation comes into force on the 1st April, 2021 requiring that rental properties with current tenancies must have an Electrical Installation Condition Report [EICR].
Our Residential Sales Director Tony Wing looks at what Chancellor Sunak’s budget statement has brought for our home buyers and sellers.
With pressure growing on Chancellor Rishi Sunak over the last few weeks to extend the stamp Duty Holiday beyond the 31st March, from home buyers and sellers and the property industry itself, any hopes for this matter to be publically debated in parliament appear now to have been completely dashed. Does this mean there is now no hope left for seeing the Chancellor grant an extension?
It’s going to be a very interesting year for the property market and whilst there may be some difficulties ahead, we may need to look more positively on what’s past, and take advantage of the power that positive sentiment amongst buyers and sellers can bring to the housing market this year. Our Sales Director Tony Wing takes a look at these matters in more detail.
We always knew our lettings team were the best- but now they have the certificate to prove it!