Is the Property Boom Over?

The property boom has continued throughout lockdown fuelled by low interest rates and the Stamp Duty holiday until the end of March. Is that the end of it?

No, it is not. At Almy & Thomas we have found that new instructions are rolling in for residential sales and purchases, despite the end of the Stamp Duty holiday looming large.

The fact of the matter is that the public still have the benefit of low interest rates and an increase in value of property.

The Chancellor is also indicating the possibility of the Stamp Duty holiday being extended until June 2021.

In addition, the business press also gives cause for optimism. Lenders are now looking to extend their lender calculation to four and a half times earnings on new mortgage work.

The boom seems to be set to continue