13 July 2021
Long-term stability in the housing market could be on the cards thanks to a gradual slowdown in house price growth and easing of Government support says independent estate agent Robert Burdett, MD at James Leigh Property Management.
Robert Burdett, MD at James Leigh Property Management said, “Figures published by both Zoopla and Rightmove show that, although house prices are still outperforming the same period in 2019, growth compared with April and May is slowing.” Mr. Burdett continued, “Whilst the Stamp Duty Holiday threshold has now been set at £250,000 until the end of September, the reduction of the Stamp Duty discount is having the calming impact that we anticipated. However, indications are that those people who agreed sales in April and May are still going ahead with their purchases.”
Figures released for June show a buoyant market, but that demand is still outstripping supply significantly, forcing house price increases.