Blog Post

Increase in demand for properties over £300k

Rebecca Galgut Aug 10, 2020, 13:00 PM
168_Dataloft_inform_Insight

The stamp duty holiday has led to a 14% surge in calls and emails to agents. Properties priced between £400–£500k have seen the biggest increase in interest, 49%. In 2019 they only represented 8% of sales, therefore we may see a shift in the distribution of transactions in 2020.


Properties priced between £500–£750k have also seen a surge in interest, 40%, representing 7% of sales in 2019. Properties priced over £750k have seen an 11% surge, representing only 4% of sales in 2019.

168_Dataloft_inform_Insight3


For properties priced less than £300k, the stamp duty holiday will not save first time buyers any money and homeowners only £5k. Therefore, they have only seen a 1% increase in demand.

168_Dataloft_inform_Insight2


With the stamp duty holiday benefiting homeowners and investors the most, particularly those with bigger budgets, we are likely to see increased demand for higher priced properties over the next 8 months.

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Professional, swift service and I would highly recommend them as an estate agent."

- Anna-Marie

"My partner and I would highly recommend this conpany, we were working closely with Greg from the salford office and he went above and beyond for us."

- Elundur

"Excellent service from Peter Anthony"

- Harry

"I would highly recommend Peter Anthony to anyone looking to purchase a property."

- William

"Would like to pass on recognition of Greg Barwick. A faultless process throughout thanks to Greg. Our first time renting and it has been a faultless process throughout thanks to Greg. First class service and been extremely helpful, thanks Greg"

- Dan Hindley

"In the liverpool office everything is so organised wouldn’t hesitate to let or sell my property with them."

- Styleous

"Excellent service, Greg was really professional, helpful as well as always being really friendly."

- Jay Mac

"Couldn’t recommend higher!"

- Laura