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Altrincham House Prices Continue to Soar!

Altrincham House Prices continue to soar!

Last month one in six homes sold for more than the asking price – the highest percent for seven years.

The number of property sales agreed in March was the most since March 2007

Undoubtedly the ‘stamp duty holiday’ has had a positive impact on the housing market, this has now been extended to due to 30th June 2021 in the recent Budget. Thereafter the nil band will reduce to £250,000 until 1 October 2021 when it will return to £125,000

The market boom shows no signs of stopping as the Government has launched a scheme backing lenders and allowing buyers to put down as little as 5% deposits.

Dan Clarke Director at Alexander Joyce Estates said: “It is great to witness the property market continuing to surge, the extension of the stamp duty holiday and the new Government backed 5% deposit mortgage scheme is only going to help.”

“With the covid pandemic meaning more and more people have been and are continuing to work from home, they are re-evaluating their lifestyle and where they want to live.

“There is currently a big imbalance of supply and demand which means it’s an extremely attractive sellers’ market. We expect this to continue in the coming months with properties selling quickly and a proportion of them for over the marketing price.’

“We understand how stressful the whole moving process can be especially in the current climate. Looking to alleviate some of the stress, our main focuses as always, are getting our clients as much money as possible for their property with completion in a timescale that works for them, whilst ensuring that they always get great service too.”

If you are currently on the market and not sold, or are looking to sell why not get in touch with the team at Alexander Joyce Estates by clicking the ‘request a valuation’ button below.