The experts are urging potential homebuyers to act immediately as the home market is booming after the lockdowns!
As we cope with the coronavirus pandemic, all is not lost since the housing world is a hive of activities with various activities happening according to the realty experts. Whether you are looking forward to moving home, getting on the property ladder, or purchasing another property, now is the ideal time to get what you need in the present circumstances because the home market is buoyant. Read on to find out more about the reasons why now is the best time to move houses.
The Housing Market is Buoyant
Due to the relaxation of coronavirus lockdown measures, it is notable that the present home market is not only buoyant but also varied due to the restart. With the latest government measures, there are various chances open for prospective buyers searching for their first home. Besides, those who are ready to add to their existing portfolio or look forward to acquiring a new house are not left behind.
However, it is always advisable to get in touch with the experts to discuss the varied options which are ideal for you at this particular moment. With this, you will have an easy time finding the property that suits you best.
Ideal Job Security
With the restart of the economy, general job security seems more positive than ever before. Additionally, you will love the fact that the furlough scheme has been prolonged with several perks for prospective employers up to the end of January 2021. Basically, while this is the situation, now is the best time to consider getting on the property world, particularly the first-time homebuyers.
Stamp Duty Exemption
The recent announcement from the government says that the home market has received an instant stamp duty exemption up to March 2021. However, it applies to homes which are valued up to a maximum of £500,000. In addition, with low-interest rates, it is essential to note that the property prices have not been affected. As a result, losses will not be suffered.
Honestly speaking, everyone can see that now is the best time to buy, move, or even put the properties on the current market during this pandemic.
Avoiding a Subsequent Pandemic
As a precaution, many European Union countries are strengthening their coronavirus safety measures again. Now, the United Kingdom government has publicised that the risk of Covid-19 cases booming in the neighbouring countries is a possibility, and this could result in a rise in the cases in the country as well.
For this reason, it would be wise to begin the house moving process while the market is still open to buying and selling. What this means is that you will end up avoiding prospective problems that could come with a second wave of a pandemic.
So, if the pandemic regrettably happens, most of you will undoubtedly be in the ideal position that you envisioned. However, this will only be the case if you start the house moving process as soon as possible.
You’ll have Settled by Christmas
Fortunately, if you start the house moving now, you will be comfortably settled by the time the busy Christmas festivities arrive. Therefore, in terms of stress and hassles, you will have fewer hassles but more time to prepare to move into your house. In the end, you will eventually ditch the last-minute rushes.
If at all possible, it would be wise to move out of your previous house, unpacked and be ready to decorate your new home with Christmas tree by the time the holidays arrive. In addition, most of you would love to unwrap gifts and eat and dine with family and friends in a new house. With this in mind, timing is incredibly essential if the above factors are really essential to you.
Home Pricing is Slowly Rising
To date, the property industry has shown that there is a month-on-month increase in home prices. For instance, while the June house prices turned negative, the July prices rose by more than 1.7%. Perhaps, the July data is an indication that some prospective homebuyers had put their acquisition on hold during the lockdowns and are only willing to buy property now that the lockdowns have been lifted. Now that the price is projected to rise swiftly, it would be advisable to move home now!
In conclusion, the COVID-19 pandemic has wreaked havoc throughout the world, and the United Kingdom property market is not an exception. With the crisis, the real estate agents have been forced to close their doors and cannot help when it comes to matters of property acquisition. Nevertheless, with the country now starting to open up the economy again and most people considering a move, it is indeed evident that now is the best time to either buy, sell, or move home.