Stamp duty originated in the 17th century when duty stamps could be purchased and attached to a transactional document to prove that any tax due on the transaction had been paid. Today, tax relating to the purchase of land is known as “Stamp Duty”, or, more correctly Stamp Duty Land Tax (SDLT).
As we find ourselves in the middle of the dark winter months, some would suggest waiting until spring before putting your property on the market. After all, spring is traditionally associated with a time of change and this has always influenced the property market in the past.
It is amazing to see that, despite the pandemic, the average UK house price ended the year 7.3% up on the previous year (Source: Nationwide). And there is still a lot of heat in the market - with record property portal activity on Boxing Day being 70.5% up on last year! (Source: Zoopla). You might expect that tougher Covid-related restrictions and our formal departure from Europe at the end of last month would have seriously damaged the property market, yet the opposite seems to be true.
Estate Agency is currently experiencing a time of great change as a result of innovations in customer service coupled with the use of some exciting new technologies.
“Moving House” may be the term we commonly use, but moving HOME is surely a better description for one of life’s more stressful experiences. Few changes, other than a relationship, can stir such emotions.
Fraser Reeves Estate Agents Limited, Reg office: 103 High Street, Newton-le-Willows, WA12 9SL.
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Sales: sales@fraser-reeves.co.uk | Lettings: lettings@fraser-reeves.co.uk
Tel: 01925 222555
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