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It’s official, our wonderful town of Melksham has made it on to the top ten list of the hottest places to sell in the UK.

According to a recent report released by Rightmove, Melksham was the hottest town in Wiltshire and is now rubbing shoulders with the likes of Newquay in Cornwall and Plymstock in Devon, both very popular coastal towns.

The report, released in April 2021, shows that after some detailed analysis by Rightmove, the factors taken into consideration for Melksham making this exclusive list consisted of the time taken from instruction to sale agreed and also the number of properties achieving the full asking price.

From our monthly ‘Property Market Update’ videos with Nigel Fitzgerald, we have also reported a phenomenal start to 2021 with 17 sales agreed in March and 16 sales agreed in April. From this, we recorded 14 sales in March at the full asking price or above and 16 in April.

Welcome to the May 2021 Melksham Property Market Comment. The cherry blossom is always a reminder of the very peak of spring, and indeed of the annual boost to the property market. Certainly, this year has seen more intense activity than most of us in the property sector can remember.
However, when we speak about the property market, booms, etc, it’s important to remember that there are two elements to consider. On the one hand, you have price movements, and on the other, transaction volumes. In other words, what prices are being achieved, and how frequently? It is the balance between these two that powers the market.

Cannot recommend Lock & Key highly enough. We missed out on a house we really wanted but they never forgot about us and as soon as similar properties came to the market, they let us know as quick as they could and we have now had an offer accepted. Very friendly and fair in the way the deal with both buyers and sellers ensuring as far as possible everyone gets the result they want. Thank you!

Gareth Cole – April 2021

LK Testimonial Michael Nigel knows his onions

 

Nigel is a lovely chap who 'knows his onions' - the video he produced was not full of jargon and his passion came through via the enthusiastic narration. His pricing advice was also spot on and we secured a full asking price offer within 24hrs of going live on the web - what more can you ask really? We are very pleased with our experience, which has made other agents we have used previously now appear lackluster and would happily recommend L&K to any prospective vendor.

Michael Keen, Locking Close, Melksham – April 2021

Buying property at this time is challenging. Buying your first home in the current climate is extremely difficult, and this is why many first-time buyers need help from family members.

The past year has been a challenging one, but many people long for their own space, and to have a home they can call their own. This hasn’t changed because of the pandemic. In fact, you will find even more people are keen to own their space, and this has been reflected in a recent study.

The Chancellor announced a stamp duty holiday extension, offering buyers in England and Northern Ireland a discount of up to £15,000 until 30th June 2021, and £2,500 up to 30th September 2021.

In Wales, no land transaction tax will be due on the first £250,000 of any primary residential property until 30th June 2021. In Scotland, the stamp duty holiday has not been extended, finishing at the end of March 2021.

According to Zoopla, the average time for an agreed sale to complete has increased from 90 days to 110-115 days. For sales to complete by 30th June, most will have needed to be agreed by now. To complete by 30th September a sale needs to have been agreed by 7th June 2021. Source: Dataloft, Zoopla

 

199 Dataloft inform Insight 

While space has always been crucial at home, the importance of having room in your house has come to the fore in recent times. Lockdowns have left many people feeling cooped up and cramped at home, so there is a great deal to be said for maximising your available room at home.

Welcome to the March 2021 Property Market Comment, from Lock and Key estate agents in Melksham, following a very eagerly awaited budget. Fortunately for the property market, there was no immediate bad news at all, especially in respect of the much-publicised Stamp Duty deadline.
In a nutshell, nine months ago, the government sought to bolster the economy by helping the property market, by the temporary removal of up to £15,000 in SDLT (Stamp Duty) on a property purchase. That concession was due to end on 31st March but, because the property market has been so buoyant during the pandemic, huge numbers of transactions had put pressure on the conveyancing system, causing delays. Thousands of transactions could have missed the deadline and there had been suggestions of fall-throughs and price renegotiations as a result.

Welcome to the March 2021 Property Market Comment, from Lock and Key estate agents in Melksham, following a very eagerly awaited budget. Fortunately for the property market, there was no immediate bad news at all, especially in respect of the much-publicised Stamp Duty deadline.


In a nutshell, nine months ago, the government sought to bolster the economy by helping the property market, by the temporary removal of up to £15,000 in SDLT (Stamp Duty) on a property purchase. That concession was due to end on 31st March but, because the property market has been so buoyant during the pandemic, huge numbers of transactions had put pressure on the conveyancing system, causing delays. Thousands of transactions could have missed the deadline and there had been suggestions of fall-throughs and price renegotiations as a result.

At Lock & Key, we want you to feel informed about moving in the housing market. We know many people are holding off from making a move right now, although they are keen to move as soon as they feel the time is right.



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