Has there ever been a better time for Stockport home sellers?
The Stockport property market, for people looking to sell, is at its sturdiest for at least the last five years with home buyers jumping onto the Stockport property ladder with abandon.
Stockport house prices are anticipated to rise throughout 2021 after the Stamp Duty cut (and subsequent extension until the autumn) and the newly revealed 95% mortgages for Stockport first-time buyers (and Stockport homeowners with minimal equity).
In addition, the continued low interest rates and the demand for larger homes because of lockdown means the Stockport property market should remain bullish for a while. There is a surge in potential buyers putting themselves on mailing lists with Stockport estate agents, making the biggest disparity between supply and demand for Stockport property for many years.
Fears of a cliff edge for the Stockport housing market at the end of March have dispersed, somewhat due to the Stamp Duty tax deadline extensions, but also because the elevated level of buyer demand caused by the three lockdowns has continued to swell since the start of 2021, meaning that today …
69% of Stockport properties on the market are Sold (STC)
Interesting, when utilising data from theadvisory.co.uk website, the Stockport average for the last five years has only been 58%, meaning there has been an uplift of 19.7% in the proportion of Stockport properties sold (stc) compared to that five-year average.