Property news

Local property - demand still exceeds supply

The stamp duty frenzies may be behind us but the property market prognosis remains bright, with the stamp duty holiday now reduced to the lower threshold of £250,000 until the end of September we can still expect to see a healthy level of demand.

Even once the tax break is removed in the autumn we do not anticipate activity to slow. The understandable concern is that prices will ease, however low interest rates and a fast recovering economy underpin long-term price strength.

Rising house prices will continue to create challenges for those seeking to buy, this will support the continued growth of the private and buy to let market.

Housing market information provided by Webbers, South Molton