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Personally I think Rishi should end the stamp duty holiday at the end of March and get the market back to a sense of normality ASAP!
Asking prices are going up, more property is coming off the market than coming on (optimistic/financial sellers without the real urge to move) and there are price reductions galore (where serious sellers may have been led astray by agents.)
Buyers are becoming more savvy and wondering why they should be paying so much more for something that only few months ago could or would have been between 5-15% lower in price.
Mortgages ARE becoming more flexible and lenders are offering better fixed term deals but how long will that last? Is it only being done to draw buyers in and stimulate the market then all of a sudden the rates will rise?
As a buyer you need to ask yourself - do I have to, or need to, pay much more for a home for a saving of £6-15k?
As a seller you need to ask yourself - Why am I actually marketing my home? Is it for financial gain only or it is because I actually want/need to move? AND where am I going to buy next?
So many questions and so little time (well another 3 months for some hopefully)
Have a good day and stay well
Mark

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