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Chancellor of the Exchequer Rishi Sunak has announced that there will be no stamp duty on homes selling for £500,000 or less; this temporary holiday will last until the end of March 2021.
Sunak's announcement regarding stamp duty relates only to England and Northern Ireland.
In the past, both of these devolved administrations have quickly fallen in line with stamp duty changes made by the Westminster government relating to England and Northern Ireland.
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The property market is showing signs of recovery, with more homes being sold after the Coronavirus lockdown.
Even with Estate Agents working at home, homes sold increased by 16% - around 42,000 homes sold in April and 49,000 in May. Compare this to May last year with sales of roughly 100,000 is an average decrease of 50% from last year but sales are increasing steadily.
One expert has stated that on reflection of the pandemic, people are looking for outdoor space and stable internet connections as the way they do business has changed for alot of people. Discovering that working from home is possible has made people adapt in a way they never thought possible, by setting up their offices at home. This negates the need for costly and sometimes unpleasant transport for employees, and for the company, less commercial property space. Zoom is a major player in the new wave of people working from home as office meetings can take place anywhere in the worl
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Walton Residential is now proudly showcasing new video content. This provides users with a greater insight to the properties we have available, without having to get an idea of the space and layout from floorplans alone.
Remember, we also have 360 tours available on some properties; be sure to check it out!
High Definition Videos and 360 Virtual Tours are now both available on Walton Residential.