The 2021 Housing Market

Now that 2020 is firmly behind us, everyone’s wondering what 2021 will bring.

Working from home has made people re-assess their lifestyles – many realise they now want and need more space. And as it looks like working from home is here to stay – many people will continue to do this, whether for part or all of their working week – moving to the countryside has also been  made a possibility for many.

The first quarter of 2021 is likely to be incredibly busy for the property market, mostly due to the stamp duty holiday ending on 31^st March. Thereafter it should slow down but it’s anticipated the market will remain buoyant due to buyer demand, low interest rates and competitive, low-deposit mortgages.

A new year always makes people reflect on their plans, and this year is no exception, especially as so many people will be glad to see the back of 2020! In fact, according to Rightmove, December 2020 saw an uplift of 53% more enquiries to estate agents than in December 2019.

In addition, many people have saved money by not being able to dine out, travel, socialise or go on trips and holidays. This could have amounted to substantial savings which can be put towards a home move.

Jamie Smart, Director of smarthomes commented, ‘What a year 2020 has been! The smarthomes team have been fantastic during this turbulent time – reassuring our customers, adapting to virtual valuations and viewings, dealing with more enquiries than we’ve ever had, working from home at times – and throughout they have maintained their incredibly high levels of customer service that we have become renowned for. Whatever 2021 brings, we can handle it!’

To book your virtual valuation: www.smart-homes.co.uk/book-my-virtual-valuation

To see what properties we have for sale in Solihull and the surrounding area: www.smart-homes.co.uk/search-properties/for-sale-solihull

Article sources:
https://www.propertywire.com/news/2021-house-price-growth-to-reach-4/
https://www.rightmove.co.uk/news/house-price-index/