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MG in the News March 2021

Alongside regular advertising efforts, we at Martyn Gerrard liaise with a specialist media agency to maximise the marketing of your property. This March saw plenty of discussion around the much anticipated 2021 Budget, with Simon’s views shared with national and trade media. While many might have been bracing themselves for Sunak’s first proper Budget since the pandemic, in our MD Simon Gerrard’s view the announcements were a very positive sign that the Government are not only backing the sector but actively investing in its future.

 

The mortgage guarantee scheme is one of the biggest indicators of this – it means the government are directly invested in ensuring prices remain stable or increase in the medium/longer term. While widely reported as a leg up for first time buyers, it will also be vital in supporting second steppers and all those moving up the ladder.

 

The extension of the Stamp Duty holiday for properties up to £500,000 until the 30th June should ensure those in the process of finalising purchases do so in the confidence they will be able to avoid it, while the more gradual end to the scheme, with a holiday up to the value of £250,000 until the end of September, will further support positive market momentum. However, in the longer term Simon believes the Government need to be making a more permanent adjustment to the Stamp Duty tax regime by switching responsibility from buyer to seller, so that it doesn’t become a tax on aspiration and encourages movement up the ladder, and has continued to call for them to do so.

 

The Chancellors support for our High Streets was also vital due to their role in supporting thriving local communities and economies, which are a major factor in house prices. The continuation of the business rates holiday until the end of June and the various grants and loans put forward will be essential in ensuring as many as possible survive and successfully reopen. The British high street is a key part of the Martyn Gerrard community and we must all work towards supporting it survival.

 

Finally, following a bumper start to the year for both lettings and selling’s, the return to school has provided many more potential sellers with the time and space to get their home on the market. We’re expecting a busy spring and start to summer, supported by the Government’s roadmap that’s allowing many to properly plan for the first time in many months and there could be no better time to move. The sooner you place your property on the market the sooner you can find your new dream home, but don’t delay as prices are set to increase and you don’t want that perfect home to slip out of reach. We want to hear your views, drop into one of our branches, Monday - Thursday 9:00 - 6:30, Friday 9:00 - 6:00, Saturday: 9:30 - 4:00.