The UK government has laid out its road map to exit lockdown, hopefully allowing borders to open up and a sense of normality to return.
Compared to much of Europe, the UK schedule to exit lockdown has been received with fresh optimism. This has reflected in the number of enquiries and continued activity in the Prime Central London property market.
The Winter months, we are pleased to announce, proved to be far more productive than anticipated, with applicants continuing to buy good value property. Using the marketing tool of virtual tours, have proved very successful in cementing applicants commitment to buy property through Plaza Estates, to overcome any restrictions of viewing a property in person.
Whilst the UK slowly comes out of lockdown, we do not anticipate the Spring market to see an immediate resurgence. However, we do expect more buy-to-let investors returning to the market, expecting overseas students to return in September needing accommodation to rent.
The property market welcomed the treasury extending the stamp duty tax holiday until the 30th of June which will continue to incentivise buyers to take advantage of a £15,000 saving.
If you are thinking of selling your property, the important message to vendors is that as long as you value your property at an appropriate price there are buyers ready, willing and able to make a purchase. Many of our vendors over the last year have taken this approach which has resulted in successful transactions.
If you are looking to buy or sell a property, do contact us.