The local housing market in Letchworth is buoyant and at Connells we are seeing sales and applicant levels remaining high, which along with recent positive industry and media reports, is evidence that the UK housing market has turned a corner.
We believe there are some people putting off the sale of their property because they want to wait to see what the next few months will bring. With the high level of buyers looking to purchase a home in the area, people should put their property on the market now and take advantage of the lack of competition. They may be surprised at the number of people wanting to view their property and also the price they can achieve.
Buyers and sellers can benefit from the current Stamp Duty holiday on properties worth £175,000 or less, as long as they complete the deal by 31st December. After that date the lowest stamp duty tax threshold will revert to £125,000.
Rob Matthewson, Connells Area Partner