Published: 01/04/2021 By Gillian BodenA quick note to wish you all a very Happy Easter from all the team at Househandlers!
And most importantly don’t miss out on your chance to win a delicious hand made chocolate Easter Egg from Bachman Patisserie in Thames Ditton!
All you have to do is like our post on Facebook and answer a simple question or give us a like on Instagram.
Here’s the link to Facebook https://www.facebook.com/HousehandlersLettings
and this will take you to us on Instagram https://www.instagram.com/househandlers/
Best of luck!
And in other news…………It’s been a busy start to 2021 and I am optimistic for a strong property performance for both rentals and sales as the Lockdown lifts and the economy starts to open up again. There’s no doubt there will be some bumps in the road. For example when the furlough scheme ends this will inevitably cause potential job losses. The effects of job losses are likely to be mostly felt in the rentals market in the form of stagnant or even slightly lower rents. However I feel this will be fairly short term and we will see demand increasing as the economy gets going again.
One sector which has been affected by Lockdown is the shared house market. Demand from tenants is definitely back since Lockdown started over a year ago now. The demographic who tend to live in this sort of accommodation are young people in generally less well paid jobs, often in sectors such as hospitality and retail which have all been badly hit by the pandemic.
Hopefully as the economy opens up and the vaccine gets rolled out to younger age groups we will see increased employment opportunities for this group of renters enticing them back from the family home where many moved during the Lockdown. And also we will see overseas workers who are a big part of this tenant type return once the quarantining restrictions are relaxed.
The sales market has been exceptionally strong and has broken all sorts of records for the first quarter of 2021. This has been fuelled largely by the stamp duty holiday on purchases up to £500,000. The holiday was extended in the last budget to the end of June with a reduced holiday until the end of September 2021.
There will still be demand as the stamp duty holiday comes to an end. There are many people whose income has not been negatively affected by the Lockdown but have actually accumulated large savings pots due to the lack of spending on holidays, outings etc. The lockdown has made many families consider the suitability of their present homes. Factors like working from home is more than likely going to carry on, possibly in a more limited way. But there’s no doubt space for working from home and the desire for outside space is driving many people into the market in search of their next home.
That’s all from me for now, Happy Easter from us all at Househandlers,