estate agents, Home Mortgage, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector
Propertymark Reports 34% Increase in Homebuyers Registering at Estate Agents in February
2021The UK housing market has been booming in 2021, with many people taking advantage of the stamp duty holiday and low-interest rates to purchase a property. According to Propertymark, the UK’s leading professional body for estate agents, there was a 34% increase in homebuyers registering at estate agents in February 2021 compared to the same month last year.The stamp duty holiday, which was introduced in July 2020, has been a major factor in the surge of homebuyers. The holiday has seen the stamp duty threshold increased from £125,000 to £500,000, meaning that buyers can save up to £15,000 in tax when purchasing a property. This has made it much more affordable for people to buy a home, and many are taking advantage of the savings.The low-interest rates have also been a factor in the sur...