Property News – March 2021

Cladding

According to the latest Zoopla Report, Manchester and Liverpool lead the way on property house price growth with over 6% YOY. Please see the snippet below. For the full article, please use the link.

Stamp Duty

It was announced in the most recent budget that the Stamp Duty holiday will be extended and then tapered. This has quashed the rumours of a ‘cliff edge’ crash and importantly has allowed a number of buyers to carry through with their transactions.

However, the reality is, the Stamp Duty will come to an end eventually, importantly, the market is plenty strong enough to take the Stamp Duty falling away. The reality is, at the average house price of just over £200k the average saving is just over the £1,500 mark. At this level this is not going to deter a huge amount of buyers from carrying on with their purchase.

5% Mortgages

Another announcement in the recent budget was availability of 5% mortgage. We expect that once fully in circulation this will give the property market another jolt.

First time buyers flooding to the market is always welcomed and importantly this feeds up the chain where previous first time buyers can now move to their second home and so the process goes on.


News from us!

 

 

Shortly we will be announcing our overseas property portfolio. With the pound getting stronger by the day overseas property is becoming far more attractive. Over the past year Flambard Williams have been working with a number of overseas agents to put together the best portfolio for you, the investor.


POTM – Whitelocke House, London

Only 10% on Exchange

The key to this development is we are securing prices from only £275k which is fantastic value for London, especially when the neighbouring developments are £40-50k higher in price, meaning we are securing this well below market value.

Prices from £275k | Returns of 5% NET | Short Term Lets Allowed | 2 minutes from Hounslow Central | 2 stops from Heathrow Airport | Completing in 6 months

If you would like to find out more about our POTM then please fill out the form below.

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