Non-motoring > Current housing market Buying / Selling
Thread Author: legacylad Replies: 28

 Current housing market - Terry
Current activity levels must include a lot of catch up transaction from March to July/August.

Certainly a few weeks ago there were a lot of properties that first went on the market in February and early March still for sale. The reasons most people wanted to move or sell (upsizing, downsizing, job moves, deceased estates) won't have changed materially.

The stamp duty holiday will also have an influence on current behaviours. Between £125-250k the rate would normally be 2%, and between £250-925k the rate is 5%.

So a FTB paying £100k would have no stamp duty, a property at £200k would pay £4k, and a larger house at £500k would pay £17.5k.

These are not entirely trivial if you anyway intend moving, although only part of the overall cost of a move which may include legals, estate agent fees, costs of repairs, upgrades, decorations etc in the new property.

Uncertainty over the economy and jobs may hold back prices to some extent next year - but as people need somewhere to live and supply will not change markedly, the fundamentals of supply and demand won't change much either.

There may however be some detail and local changes - eg: city centre properties become less desirable with increased work from home; more rural and small towns, particularly with good transport connections may become more popular.



 Messages Author Date
 Current housing market new legacylad 23 Jul 20 08:46
 Current housing market new Terry 23 Jul 20 09:32
 Current housing market new R.P. 23 Jul 20 09:35
 Current housing market new Zero 23 Jul 20 09:51
 Current housing market new legacylad 23 Jul 20 10:08
 Current housing market new Lygonos 23 Jul 20 11:47
 Current housing market new legacylad 23 Jul 20 13:22
 Current housing market new Bobby 23 Jul 20 12:15
 Current housing market new smokie 23 Jul 20 15:37
 Current housing market new R.P. 23 Jul 20 19:10
 Current housing market new The Melting Snowman 23 Jul 20 19:47
 Current housing market new zippy 23 Jul 20 23:15
 Current housing market new sooty123 13 Sep 20 08:42
 Current housing market new legacylad 13 Sep 20 09:06
 Current housing market new sooty123 13 Sep 20 09:35
 Current housing market new Zero 13 Sep 20 10:18
 Current housing market new Crankcase 13 Sep 20 10:22
 Current housing market new Dog 13 Sep 20 10:48
 Current housing market new sooty123 13 Sep 20 14:25
 Current housing market new Bobby 13 Sep 20 10:23
 Current housing market new legacylad 13 Sep 20 11:16
  
 Current housing market new zippy 13 Sep 20 11:49
 Current housing market new Dog 13 Sep 20 13:43
 Current housing market new henry k 13 Sep 20 14:50
 Current housing market new sooty123 13 Sep 20 14:56
 Current housing market new Dog 13 Sep 20 17:21
  
 Current housing market new sooty123 13 Sep 20 14:27
 Current housing market new sooty123 13 Sep 20 14:22
 Current housing market new Terry 13 Sep 20 23:47
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