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Sellers News

No better time for Hammersmith home sellers?

The Hammersmith property market, for people looking to sell, is at its sturdiest for at least the last five years with home buyers jumping on to the Hammersmith property ladder with abandon.
Hammersmith house prices are anticipated to rise throughout 2021 after the stamp duty cut (and subsequent extension until the autumn) and the newly revealed 95% mortgages for Hammersmith first-time buyers (and Hammersmith homeowners with minimal equity).

In addition, the continued low interest rates and the demand for larger homes because of lockdown means the Hammersmith property market should remain bullish for a while. There is a surge in potential buyers putting themselves on mailing lists with Hammersmith estate agents making the biggest disparity between supply and demand for Hammersmith property for many years.

Fears of a cliff edge for the Hammersmith housing market at the end of March have dispersed, somewhat due to the stamp duty tax deadline extension, but also because the elevated level of buyer demand caused by the three lockdowns has continued to swell since the start of 2021 meaning that today …

30% of Hammersmith properties on the market are Sold (STC)

Interesting, when utilising data from website, the Hammersmith average for the last five years has only been 21%, meaning there has been an uplift of 42.6% in the proportion of Hammersmith properties sold (stc) compared to that five-year average.


Yet what can’t be forgotten is that 9 out of 20 Hammersmith house sellers are also Hammersmith house buyers as well, so whilst they do indeed achieve a higher price for their Hammersmith property, they also have to pay more for the Hammersmith property they want to buy.

So, how much will Hammersmith house prices rise by?  

Like all things in life, it’s all about demand and supply. I have discussed the demand, yet what about the supply of properties for sale?

There are 11% fewer Hammersmith properties for sale today compared to 5 years ago

Whilst February saw a lower-than-normal level of new properties coming on to the Hammersmith property market, the easing of lockdown road map and faster rollout of the vaccine is also persuading more Hammersmith homeowners (especially those older Hammersmith homeowners who have had their jabs) to start making the first steps towards moving home in 2021.

This will mean there will be more Hammersmith properties available for sale in the conventionally busier post Easter market in the coming weeks and months which should cause more equilibrium and help keep Hammersmith property prices in check.

These are interesting times for the Hammersmith property market. If you are a Hammersmith homeowner or landlord looking to buy or let your Hammersmith property in the coming weeks or months, don’t hesitate to drop me a line to discuss what all the points raised in this article mean to you.

Call Willmotts for property advice or information with property rentals, Lettings, or call 020 8222 9958

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#willmotts #propertyexperts #estateagents #charteredsurveyors #willmotts1856 #guildproperty #tenants #landlords #lettings #landlordadvice #hammersmith #propertymarket #proudguildmember #lease #leasehold #freeholder #mortgage #FTB #firsttimebuyer
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Third of Open Green Spaces are Golf Courses

With an estimated 979,500 golf players, courses reopening in England on the 29th March (joining Wales and Scotland) will be a joyous occasion for many.

There are 373,673 hectares of open green space in Great Britain. Golf courses account for a staggering 33%, the equivalent of 124,806 hectares.

The re-start of many sports will not only be good for our wellbeing but it also helps support the UK economy, contributing £39 billion each year. A significant proportion of this money comes from individuals' involvement in grassroots sport.

With an estimated 1,044,050 residential sales in 2020 and each sale contributing £9,559 to the economy, we estimate residential sales in 2020 added £9.9 billion to the UK economy in comparison.

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email or call 020 8222 9958

#willmotts #propertyexperts #estateagents #lettingagent #charteredsurveyors #willmotts1856 #guildproperty #dataloft #proudguildmember  #propertymarket #tenants #landlords #propertysales #residentialproperty

Source: Dataloft, Ordnance Survey, Sports England, Statista, Knight Frank, HMRC
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The economy is set to bounce back

The economy is set to bounce back to pre-pandemic levels by the middle of 2022, with the furlough scheme extended until the end of September.

The current Stamp Duty Holiday, has been extended to the end of June, then 0% taxation will be payable on main residences up to £250,000 until the end of September, offering buyers a saving up to £2,500.

A new mortgage guarantee scheme will enable existing homeowners and first-time buyers to access 95% mortgages for property costing up to £600,000. 9 in every 10 sales is below this figure.

Despite expectations, the Chancellor made no changes to Capital Gains Tax and there were no specific announcements affecting landlords and tenants.

The establishment of Treasury North in Doncaster and the National Infrastructure Commission in Leeds is an indication of the policy shift to support regional centres. Source Dataloft,

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email or call 020 8222 9958

#willmotts #propertyexperts #estateagents #lettingagent #charteredsurveyors #willmotts1856 #guildproperty #dataloft #proudguildmember  #propertymarket #tenants #landlords #propertysales #residentialproperty
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