A VERY MERRY CHRISTMAS AND HAPPY NEW YEAR FOR 2021 !
I suspect many people will be pleased to see the back of 2020 for all sorts of reasons and as we look forward to 2021 with the prospects of a viable vaccine, we all hope that the pandemic will be over!
However the property market has managed to sustain itself throughout 2020 despite everything thrown at it and in many respects it has defied gravity. During the first lockdown from 23rd March until the 13th May, we remained busy primarily ‘on-line’ but since opening on 13th May it feels like half the country have re-evaluated where they are living and are wanting to make a move. This has partially been as a result of the pent up demand caused by Brexit last year and also people now working from home and wanting larger houses and gardens. This has of course been fuelled by the Stamp Duty holiday which comes to an end on 31st March 2021.
However, as we move into 2021, I suspect we will see a more normal market, there is of course Brexit hanging over us still and the potential for No Deal together with a more difficult economic outlook. However, what has not gone away is people’s wish to move and that York is one of the areas in the country that they wish to move to. I therefore suspect that although we will not quite see such a frenetic market as in the second half of 2020, the market will remain buoyant and York will still be a desirable location to move to.
We wish all our clients and friends a very happy Christmas.