What is in store for the housing market in 2021?
If there is one lesson to learn from 2020 it’s that anything can happen, but we can make some educated guesses! The end of the stamp duty holiday on the 31st March is going to affect, most experts expect a slump after the deadline, with house prices remaining stagnant.
With that said there is a lot of optimism around the COVID vaccine, it’s hoped by the spring life will be getting back to normal.
“We’ve seen what’s happened in the financial markets with the positive news around the vaccine and I don’t see why the same won’t happen in the property market. It will mirror what we’re seeing on the traders’ dashboards but over a slower period of time.” Tom Bill, head of UK residential research at Knight Frank.
2021 looks set to be unsettled with Brexit, stamp duty holiday coming to an end, worries over rising unemployment and more tax changes on the horizon.
Are you planning to more next year?