If you think the property market is cooling down? Think again!

With the stamp duty holiday threshold lowering tomorrow we expected to see an obvious dip in new homes coming to the market. However, it appears the successful vaccination programme and easing of lockdown restrictions are enticing more homeowners to sell their properties - just in time for the summer selling season.

1 Bedroom Ground Floor Flat For Sale in Wychwood Place, Winchester

Winchester is still one of the most desirable places to live in the UK, perfect for the London commuter who wants to escape the capitals buzz for peaceful downtime.

JLL, the property consultancy company, is predicting a crazy sales season in June, July and August which will result in summer 2021 becoming “the highest grossing quarter in UK residential market history”.

“The reasons behind the buying bonanza - with the most exchanges and highest total sales values on record - are threefold… The stamp duty extension to the end of June means that during the quarter eager buyers and sellers will look to force a deal through. This, combined with the increased financial stability many buyers will feel as we unlock from coronavirus, and the well-documented supply constraints in the UK market, means we can expect to see demand swallowing up available stock, pushing up prices but not to the extent that it will affect transactions.” - Nick Whitten, the head of UK living research at JLL.

3 Bedroom Terraced House For Sale in Greenhill Road, Winchester

There’s even more positive news from Rightmove who are predicting that the increased property activity will continue past the summer months.

“This supercharged activity cannot go on for ever, but we expect the market to remain vigorous for at least the remainder of the year.” - Tim Bannister, Director at Rightmove.

Our team are still seeing high demand for homes in Winchester - with several of our recent listings selling on their first day of marketing. If you are considering selling or want to know more about the property market and house prices in your local area… you can book a free home valuation for a full market appraisal or use our instant online valuation tool for a quick price guide.