As we look back at the anniversary of the UK’s implementation of the first stay-at-home order, as well as the increased desires of people to upscale or move out of certain areas due to the lockdowns over 2020, a striking pattern emerges that there is a growth in people wanting to escape from usually sought after areas for the property. You may have even overlooked some of the best areas to live near Manchester whilst searching for your forever home.

The Escape Effect

No doubt staying at home in the same areas for such a long period had played a major factor in people’s desire to move to friendlier and spacious areas, with London being an area that has suffered being knocked from its pedestal as the most sought after property searches.

The lure of more countryside or small-town areas has seen an increase leading to six of the top ten places of interest shying away from inner-city housing or apartments. As the second half of 2020 took effect, annual sales and enquiries grew by 69% for rural areas in comparison to 49% in urban areas. The implementation of the stamp duty holiday also has played a factor into the figure also.

Shift from Concrete to Green

This had led to a surge in interest from city dwellers in Manchester looking to buy property in Stockport and surrounding rural areas. This could be attributed also to people finding more comfortable working from home than ever before then seeking new environments in order to provide comfort for it.

The interest in upgrading from two-bedroom properties to four or five-bedroom properties has seen the biggest surge in sales being agreed.

Estate Agent Overdrive

With estate agents in Stockport taking on record enquiries for properties away from the busy and congested Manchester city-centre living, the increase in demand for comfort and space has no signs of petering out in the short term.

With an added increase in first-time buyers seeing their desire to own their first home and those looking to realise their dream of owning their own detached home, the housing demand for greener pastures is fast becoming a race no one wants to come in last for.

More space in the home is always the driving force for people seeking new property, with the advent of required home office space being the added driving factor in seeking the move now more than ever.

This has added extra interest in working with independent estate agents Stockport in not just finding the right property, but also for those going about how to sell a house in this opportune moment in time.

For finding the ideal solution to your housing needs, talk with the team at Joules Estate Agents today and discover the best areas to live near Manchester.

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Spring is usually seen as the time of change and that definitely springs true for the housing market in 2021.

The expected growth in supply is expected thanks to the extension of the stamp duty holiday, mainly due to the fact that many vendors sat and waited over the winter months to see the outcome of the cry over an extension from the government and the housing market.

A New Housing Market Horizon

As enquiries for new houses dropped slightly during the uncertainty closing up to the deadline, the extension saw record numbers of enquiries in line with the low deposit mortgage scheme, with interest high in both upscaling from current homeowners and a dramatic surge in first-time buyer interest.

The housing market, therefore, stands in a very strong position over the coming months and the threat of the cliff-edge has greatly eased as a result.

This now opens up the floodgates for those people seeking guidance on how to sell a house to gain the quicker advantage of a successful sale whilst interest is at an all-time high.

Estate agents in Stockport are seeing a great increase in interest on both sides of the housing market, with people finally finding the assurance they need in selling a property and interest high from both upsizing and first-time buyers for property available or coming to market.

With no guarantee that there will be any further stamp duty extensions or even a concrete plan in place following the new deadline, this is both an exciting and prosperous time in providing buying a property advice and helping clients buy property in Stockport.

Getting That Independent Touch

The best port of call when it comes to selling a property is to be in touch with an agent that is in touch with the area, and that always falls into the realm of independent estate agents in Stockport.

In discussion with an independent estate agent within the area, you find that the relationships and reputation have a much more satisfactory level of communication with prospective buyers. As your house will not simply be a number to switch on a board, an independent agent provides a more personable approach to how the property is handled and sold, providing satisfaction for both seller and buyer in the proceedings.

For people looking to buy property in Stockport, the team at Joules Estate Agents Stockport provide personalised service for every client that ensures satisfaction in the successful sale of a home, taking full advantage of every avenue to make sure the sale is mutually beneficial for all parties.

Contact the team at Joules today to start gaining the advantage in selling your home correctly and find out is it a good time to sell a house in the current market.

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Those looking to market their homes have a date to get things in order by March 23rd – giving them just merely a couple of weeks to be sure to benefit from the extended stamp duty holiday. Continue reading to see the latest UK housing market news from Joules Estate Agents.

Rightmove stated that on average a seller would have 65 days in order to find a buyer and it would take a further 126 through the legal processes to complete. On this basis, sellers would need to come to market by March 23rd to make sure buyers can make use of the tapered end to the stamp duty holiday by September’s end.

Huge Rise in Purchase Interest

As last week’s budget was announced, Rightmove saw a record 9 million-plus visitors providing their busiest day in history and a 6% rise since the start of the holiday.

With the implementation of the 95 per cent mortgage scheme catapulting new buyers to the market on top of the stamp duty extension, estate agents in Stockport have found an abundance of enquiries for available properties as well as those shortly to be coming to market.

Overall the amount of renewed interest in buying a property advice skyrocketed to 82% higher than the year previous, with 12 areas in the north being a prime focus of interest for buyers in comparison to London’s five areas. With a newer interest in the market, those looking to sell property are suddenly finding themselves on a knife’s edge when it comes to time frames with interest so high and a time scale of stamp duty about to shut the door on potential.

Affordability Plays into the Increase

With more people now available to afford the first mortgage were not previously applicable, the arena for certainty has opened its doors to a buying frenzy for those seeing the writing on the wall that another opportunity like this maybe will not come by again. In comparison, many more homeowners looking to sell property see this as the perfect time to sell up via independent estate agents in Stockport and ensure a sale within the year.

Many people have held off on selling their properties for a multitude of reasons, not limited to market uncertainty and not knowing of its effects on how to sell a house in the climate. This has caused an upsurge in help from estate agents in Stockport who can help navigate the hills and valleys of the market to get the very best deal in time.

Now is the time for those looking to trade up for more space or sell a second property to get the ball rolling. Contact the team at Joules estate agents for the best independent advice and service.

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As we ride along with the unfolding drama that the stamp duty holiday continues to provide, there have been some signs of positivity on the frontline by two key factors this past week.

Stamp Duty Extension

The first positive is that Chancellor Rishi Sunak will be extending the stamp duty holiday deadline to the end of June – a total of three months extending providing many impending homeowners with a slight sigh of relief for completion on their purchases.

With an aggressive push by agents, economists and commentators over the past few months, the extension has played as a crucial necessity to stabilize the market moving forward and reduce the risks of sales falling through in the biggest housing sale surge in recent history.

Mortgage Guarantee Scheme

Also of good news is the unveiling of a new mortgage guarantee scheme aimed at helping buyers that can only provide smaller deposits.

Rishi Sunak is set to reveal incentives to lenders which will bring back 95% of mortgages that had been scarce since the pandemic. This new scheme will not find itself restricted to first time buyers or new build homes, and will be applicable to purchases up to £600k.

The goal of realising Prime Minister Boris Johnson’s Generation Rent into Generation Buy has been a focus of the government, allowing first-time buyers to find an easier step onto the property ladder.

Whilst the pandemic was in full flow, low-deposit mortgages fell due to lender worry. With a brighter outlook and vaccines beginning to take hold of the UK outlook, HM Treasury has been in discussion with lenders to introduce the new scheme for April.

This means a great deal of positivity for those looking at how to sell a house and especially those looking to buy property in Stockport, an area that has seen a lot of growth and interest in the housing market over the last year.

For those looking for buying a property advice, this is the best and brightest news for those engaging with Joules estate agents in Stockport and the future of the housing market in the UK, as the government has a focus on continuing this level of success for the economy.

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