Here at Nicol Estate Agents, we’ve had our busiest month in 10 years. Houses are in high demand, for some properties the viewings are in double figures within 24h and offers over are hitting the 15-20% mark. Whether you’re looking to get on the property ladder, move home, buy another property or add to your portfolio, now is a great time to get moving in the current climate as the housing market is buoyant.
So why should you consider moving now?
A buoyant market
Since the easing of the lockdown restrictions on June 29th when house moves could once again take place, the housing market has had a reboot. What’s more, the LBTT threshold was raised to £250,000 in Scotland and interest rates are still low. We have seen some of the highest viewing numbers and notes of interest in 10 years. It’s a great time to move, buy, and put properties on the market during this period.
In for Christmas and New Year!
If you put your property on the market now, you may be in a new home and settled by the busy festive period. If you’re trying to exchange over the Christmas period there may be delays due to the holidays – so it’s best to try and do it now so you aren’t caught up in any delays.
As the economy reopened, overall job security is looking positive as the furlough scheme was extended with bonuses for potential employers up until the end of January 2021. Whilst this is the case, it’s a good time – especially for first time homebuyers – to start thinking about buying your first home.
Many countries are increasing Covid-19 safety measures and the UK government is implementing travel quarantines as and when needed to try and reduce the spread of the virus. However, with the risk of cases increasing in the UK and surrounding countries over the winter months, it’s advisable to start your moving process whilst the market is fully open for business. If we have a second pandemic you may find that there are delays and so it’s better to start the process now.