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What a crazy summer to date, with Zoopla predicting a record 1.5m property transactions this year – that’s up 45% on last year! The unexpected consequences of the pandemic and the Stamp Duty concession following right on the heels of that Brexit-related stalling market, pushed the market into a frenzy. (Although it’s interesting to note that 68% of homemovers said they would have moved even if the stamp duty holiday had not been extended).

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We all know that home improvements often increase the value or saleability of your home, but whilst most improvements enhance a property, they generally stay with it when it is sold.   

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Most lessees (nb not tenants) have the statutory right to purchase the freehold of their building, called Collective Enfranchisement, under the Commonhold and Leasehold Reform Act 2002.

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“Should I Sell During the Summer Holidays?”

 

Some sellers feel that if they have "missed" the spring market, they should wait until September before selling their property; but there are solid reasons for marketing your home during the summer, especially this year.

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According to e-surv, the average price of a home in England and Wales stood at £343,658 last month - up 0.5% on the previous month and 13.4% on the year, the highest year-on-year growth since 2004. We know the market has been flying – but could this be ambitious reporting designed to capture a headline? How can such incredible growth be achieved during a pandemic?

  1. AUCTION
  2. Why Use a “Proper” Estate Agent? (Part 5 of 5)
  3. DECIDING ON PRICE (PT.2)
  4. Notice Period Changes For Landlords – Summer 2021

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