Will the property market resume to normal following the worldwide pandemic?

Posted on July 30, 2020 at 12:23 pm

Now that we are hopefully starting to come out of the other side following the worldwide Covid-19 pandemic, we are starting to look into how things have been affected by the pandemic. Now that lockdown restrictions are lifting, we are seeing the property market is having a small boom since reopening.

Estate agents are now allowed to reopen and start offering house viewings once again. Homebuyers are now allowed to move, buy, and sell properties. The UK government has also temporally cut stamp duty, meaning buyers could save up £15,000 in tax if they move home before April 2021.

The government has made this cut to help the economy rise once again and allow the property market to resume as it was before covid-19. Although this has helped the property market massively, things will still take a while to resume back to how they were. Covid-19 has had a huge impact on the property market and now that things are resuming the property market should get back on track as soon as possible.

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