Sat 12 Sep 2020
There is enough evidence to suggest the stamp duty holiday has positively affected the housing market. Viewings and instructions have risen across the country, and we have welcomed many new buyers and vendors to our offices of late.
If you are looking to capitalise on the stamp duty holiday here in the Huddersfield housing market, we are here to assist you. ADM Residential is bringing buyers and vendors together, and we look forward to assisting you.
We are happy to discuss the Huddersfield housing market with you
Information provided by the property group Andrews for July 2020 suggests:
Viewings rose by 29% compared to the previous months’ viewing figures
Physical viewings increased by 45% in comparison with the previous month
In July 2020, there was close to 6,000 viewings, which equates to around 200 viewings per day
In April 2020, the average was 20 viewings per day
There was a rise of 12% with respect to offers made and accepted by vendors in July 2020
Instructions rose by 22% in July compared to June figures
We appreciate not everyone is in a position to move now or soon, but there are opportunities for many households. If you would like to discuss your options, please get in touch. If you are a current homeowner in Huddersfield and you would like to sell your home, we can arrange a property valuation for you.
The market has changed quickly
David Westgate, is the Group Chief Executive at Andrews Property Group. David said; “What a difference four months makes. In April viewings and instructions across the industry fell off a cliff as the country was gripped by coronavirus and the Government asked us to stay at home. But the rebound has been swift as lockdown eased and the Chancellor’s stamp duty announcement at the start of July gave the market a timely boost.”
While there has been a lot of focus on how the stamp duty holiday helps buyers, it is also great news for vendors. If you are a homeowner in Huddersfield and you are looking to sell your home, knowing there are more willing buyers is a great boost to your ambitions.
David also said; “Buyers and sellers alike have shown renewed vigour in the past six weeks. With a lengthy window of opportunity to purchase before the stamp holiday comes to an end, we expect buyer activity to remain buoyant over the coming months. And we saw an immediate uplift in valuations and instructions since stamp duty was frozen, with sellers keen to take advantage of motivated buyers and more confidence to list thanks to stable house prices.”
While it is pleasing to see so much optimism in the current market, it is important to know there are challenges in place. If you are looking to make an informed decision in the Huddersfield housing market, we are here to assist you.
David Westgate also said; “It won’t be all plain sailing from here, but the Government has shown how important it sees a healthy and stable property market for the general wellbeing of the overall economy. And house prices have proven to be extremely resilient in the past when faced by strong economic headwinds, which suggests the market is well placed to cope with some potentially heavy bumps in the road ahead.”
If you are selling your Huddersfield home, contact us today. You can book a valuation or just chat about how we make a difference in selling your home. Of all the estate agents Huddersfield vendors can call on, we like to think we make a difference in selling local homes, so contact ADM Residential today.
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