Let’s take a look at the property news hitting the media this week with our property market roundup!
Firstly Derbyshire Live have reported on two new developments taking place in Derby and the surrounding areas, with a prominent building set to be converted into 36 apartments and some new Bellway and Ashberry Homes properties currently being built in Ripley, you can view the full articles here:
The BBC have highlighted why it’s getting harder to find a builder, with a look at how the booming property market and the drive for home improvements is causing a shortage in trades people, you can see the full article here:
The BBC have also reported that home movers are driving mortgage lending, with people planning to move home being responsible for a record proportion of mortgage borrowing in the first three months of the year as they dominated demand for property. You can see the full report here:
And last but not least, Estate Agent Today highlights a review which suggests that some 500,000 buyers will benefit from the stamp duty holiday, with total market saving expected to hit nearly £3.2bn. You can read all about it here:
So, all in all, more positive news for the Derby property market, but as the Stamp Duty clock ticks down, how will the market perform? Once the nil rate band reduces to £250,000 at the end of the month, will the boom period tail off?
We are still seeing huge interest from purchasers who will no longer hit the holiday line, so all the signs point to the current market conditions continuing. We will, of course, bring you all the news and updates that you could need!
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