The housing market boom: what you need to know from the team at FSS...
At FSS, we believe we are on the edge of a significant housing market boom. With the UK election now well behind us and greater clarity on the economic outlook, the market is primed for recovery. The much-anticipated budget has been delivered, and while there are still challenges ahead, inflation is under control at under 2%, and interest rates have fallen and are predicted to fall further. These developments, combined with political stability and the US election decided and already seeing an improving stock market, set the stage for a positive shift in the housing market.
Stamp duty and property investment
While the extra 3% stamp duty on second homes may concern some buyers, we at FSS see property as a safe long-term investment and with inflation running at around 2%, the additional payment will be “soaked up” very quickly. We are also seeing massive demand for rental property and ever increasing rental values, to offset the additional payment.
Get in touch with FSS
Summer is just around the corner, and you could be in your new home by then! We have registered buyers waiting right now. While most agents have been sitting on their hand’s pre-budget, we’ve been busy matching potential buyers with properties. If you’re ready to make the most of the upcoming market boom, contact FSS Property. With a long list of qualified buyers and an understanding of exactly what they want, we’re primed to help you secure a sale quickly. We offer free property valuations, so you can start by finding out exactly what your home is worth. Get your property on the market today and let us help you seize this fantastic opportunity!