We here at Nottinghammoneyman would like to wish everyone out there a very Merry Christmas, and we hope for a prosperous and healthy 2021 for all.
The values of properties in the UK have surprisingly held themselves up high during the pandemic. Due to stock shortage, undiminished consumer demand and the Stamp Duty Holiday (which is due to end in March of 2021).
Suppose we have learnt anything about the property market in 2020. In that case, it’s that you’ll never stop a dedicated and hard-working potential First Time Buyer in Nottingham from pushing through and doing whatever it takes to be a homeowner!
We predict that as we advance into 2021, despite unemployment levels going on the rise, we here at Nottinghammoneyman fully expect the consumer demand for buying property to continue to be on the rise.
With people spending more and more time at home, it’s only natural that people will inevitably start looking for something bigger, better or with a lovelier garden.
Also, around this time of year, we will see lots of remortgage activity from customers who are happy with their current home but would like to invest in their homes by expanding for some home improvements.
Interest rates are still relatively low, and off the back of Brexit, the Government will want the property sector to thrive, especially considering that it is one of the “wide multipliers”, e.g. it will uphold lots of jobs.
Once the vaccine is fully out there, and life starts to feel a little normal again. We believe there will be many people who adopt a “life’s too short” approach to their lives, something that should be good for the economy, especially those with involvement in the property market.
If you need Mortgage Advice in Nottingham or life insurance advice in 2021, please feel free to get in touch. Our dedicated mortgage advisors are available from early until late, seven days a week, 8 am – 10 pm to answer your questions. Contact us to book your free mortgage consultation!