St Albans market staying strong through second lockdown
Business has continued to boom in the housing market across Herts, despite the second lockdown. Picture: Getty Images/iStockphoto - Credit: Getty Images/iStockphoto
Fears that the second lockdown would bring Hertfordshire’s property boom to an abrupt end have been unfounded, according to one local estate agent.
Putterills’ director Mark Shearing said: “Whilst we all know that these conditions can’t last forever, the early signs are that this second wave will only act to fan the flames of the current market.”
The Herts housing market bounced back quickly following the first lockdown, and news that viewings would be able to continue as normal this time around – subject to now well-established social distancing measures – has been music to agents’ ears.
Mark said: “During the first lockdown would-be buyers weren’t idle. Far from it; they were actively watchful with increasing visits to the property portals such as Rightmove and On The Market. Once lockdown ended these buyers broke out. The market became a feeding frenzy.
“Now, just as the initial national lockdown acted as an incubation period, the latest round of measures may well do so again, causing another bout of activity, but with all the social distancing measures adhered to of course.”
But while completion by Christmas is the goal for most movers at this time of year, it’s the end of the stamp duty holiday on March 31 2021 that’s now the cut-off for many.
Mark said: “Buyers will be racing to complete purchases by then to avoid extra expense, up to £15,000, money they could well use for a deposit or for improvements to their new home.
Most Read
- 1 Katherine Ryan and Romesh Ranganathan spotted filming in St Albans
- 2 How the extent of cost of living crisis hit home at St Albans' CEX store
- 3 Hertfordshire grandad who died in A6 Bugatti crash had a 'generous spirit'
- 4 From Levi's to Leyton Road: Superstar fashionista for over 50s back on shop floor
- 5 Fire broke out at flats above row of shops in How Wood
- 6 BBC 5 Live football podcast recorded at 'Britain's oldest pub' in St Albans
- 7 Campaign to keep Chiswell 'green' gains momentum
- 8 Mr Motorsports - the St Albans lawyer with F1 flair
- 9 Meet the artist behind The Queen's Platinum Jubilee mural in St Albans
- 10 St Albans Striders shine as Midweek Road Race League makes welcome return
“Of course, the chancellor may postpone the cut-off date, or best of all discontinue the unpopular windfall tax altogether. But if he does neither, we believe it’s going to be a hectic five months.”