Real estate market remains open despite Britain plunging into march style Blockade..
But unlike the first blockade, this means that people can continue to move home and do everything they need to complete the process. This includes looking at homes for sale directly until the mover is allowed to enter the home.
However, the news has a petition from housing professionals to follow safety guidelines and to try to move only when necessary due to the proliferation of Covid cases.
The real estate market remains open while the country plunges into a March blockade
Tomer Aboody of MT Finance, a real estate lender, said:
“This should limit further delays in transactions, as lawyers, expert witnesses, and agents are all still working.
“Now we have reached the level of comfort of the seller in that potential buyers can see their home and feel that they can comfortably participate in the viewing. Everything so that they can continue watching. Special attention is paid in terms of.
What is the safety advice for buyers and sellers?
Mark Hayward of Propertymark, a real estate agent group, said: ‘Welcome the news that the housing market will remain open throughout this new blockade.
“But it is imperative that all agents continue to play a role in reducing the spread of the virus by following all relevant guidance on how to watch safely.
“It’s important to keep movers and buyers safe and keep the housing market moving in these uncertain times.”
Virtual viewing is done on many properties for sale and buyers are encouraged to see them first before doing physical viewing.
Government safety advice on moving home requires that viewers of the property for sale wash and disinfect their hands so that they do not touch the surface, and only one household member can see it. only.
If these safeguards are not in place, viewing is not intended and most agents will adhere to the new guidelines.
Propertymark goes one step further and advises Everyone watching to wear gloves And face cover.
The government has previously warned that if its members do not follow the guidelines, it may decide to blockade the housing market again.
What are the real estate market limits?
The housing market had to deal with some great pressure during the global epidemic.
Tenants faced the problem of unemployment and were at risk of losing their homes because they couldn’t pay their rent.
This will ban tenants from eviction at the start of the blockade, which was extended until September last year. However, you can now file a proceeding.
It caused fear that landlords would not be able to meet their mortgage payments. Together with the homeowners, they were given a holiday of payment.
Both tenants and real estate owners still have to repay their debts.
Virtual viewing is taking place and people are encouraged to see them first before doing physical viewing
As the number of Covid cases increases, people are encouraged to move only when needed.
Jeremy Reef, a real estate agent in North London, said: Compulsory confinement can mean the release of accumulated demand when it is over.
“Many people have legally promised to buy, sell or rent and need to move or move. This can be for health or financial reasons, disruption of relationships, or at home. Violence can be the cause. Whatever the reason, these movements cannot be stopped in the light of pandemics.
“Going back to the previously adopted protocol, there is a clear distinction between private and unoccupied properties.
“The new blockade will affect surveyors, removal companies, etc., and in some circumstances it would be wise for the prime minister to revisit the stamp duty deadline. Those who moved heaven and earth to meet the deadline Even if they miss it due to their own negligence, they should no longer be punished.
Will the stamp duty holiday be extended?
Despite the coronavirus crisis, the real estate market remains resilient after the first blockade freeze, with the support of the Prime Minister.
Rishi Sunak has introduced a stamp duty holiday that applies to the first £ 500,000 of home purchase prices. The holiday is scheduled to end at the end of March, but there is a call for an extension.
Hayward is asking the government to extend the stamp duty holiday.
He states: ‘
Prices rose in 2020 in all regions, with the largest rise of 8.6% in East Midland.
What’s happening in the real estate market?
According to Propertymark data, the number of tenants who searched for homes in August was the highest ever.
Meanwhile, home prices rose the most in the six years of December as the real estate market continued to boom, despite the usual slowdown towards Christmas and new Covid restrictions.
The· Average UK home prices rose 7.3%According to the Nationwide Building Society, it has risen to £ 230,920 over £ 15,000 over the past year. Last month alone, prices rose 0.8%, or almost £ 1,200.
Nationally, the value of real estate is also over £ 11,000 (5.3%), calculated to be higher than in March before the first blockade.
Real estate markets in all four countries of England, Scotland, Wales and Northern Ireland remain open.
Is it possible to go home with a blockade?How the real estate market remains open
https://www.dailymail.co.uk/property/article-9114091/Can-home-lockdown-property-market-stay-open.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Is it possible to go home with a blockade?How the real estate market remains open