Taylor & Co Property in Abergavenny
As the restrictions cautiously ease in Wales read more here, you can be assured that we will be continuing with our Covid Secure Policy click here.  Whilst the whole team have been fully double jabbed, all appointments in your home will be undertaken with staff wearing masks and using hand sanitiser. And if we bring viewers to your home, we will make sure that they have completed our health questionnaire. So relax, you're in safe hands with us. Contact the team if you have any queries with our policy.
 

If you are planning a move across the border into England, with the average house price in the UK currently sitting at £225,000 and the zero-rated Stamp Duty limit now at £250,000 until the end of September 2021, you will be in a perfect position to reap the benefits of purchasing now. This holds true particularly if you are a first or second-time buyer - the market is hot right now for new homeowners like yourself. We are members of a network of 800 independent estate agencies operating throughout the UK called The Guild of Property Professionals. The attached guide gives you a glimpse of properties on the market with our fellow Guild members for under £250,000. Click here to access the guide and if we can help with your search, get in touch with us today >> www.taylorandcoproperty.co.uk/contact-us

Consumer confidence has risen to its highest level since the country entered lockdown over a year ago, the economy is forecast to rebound more quickly than initially projected. Our housing report will give you invaluable insight into the local market. Nationally, activity levels in the RESIDENTIAL SALES MARKET are remaining robust. Sales volumes in the first three months of 2021 were 31% higher than the final quarter of 2020, and over 50% higher than the first quarter of 2021. In the LETTINGS MARKET, average rents across the UK rose by 2.9% in the year to April, on par with the projections of 3% price growth in 2021. As in the sales market, interest in rental property outside of cities has surged.  Read the market analysis in full here.

 

The Welsh Government have announced that they are looking to impose greater regulations on second home and holiday let owners in Wales in a bid to prevent local buyers being priced out of the market by increasing property prices, fuelled by low levels of properties coming to the market and continuing strong buyer demand.  Buyers of second homes in Wales already pay more Land Transaction Tax than primary residence seekers and last year, local authorities were given the power to charge 100% council tax increase on second homes. Julie James, the Minister for Climate Change in Wales said "The urgency and gravity of this situation calls for further intervention, which means real and ambitious actions are delivered at pace, to inject fairness back into the housing system”.  If you'd like help understanding the local property market, get in touch with us soon so we can provide advice on your property journey.
The NAEA Propertymark are reporting that the Welsh Government have announced a new Tenancy Hardship Grant. The Grant launch, which coincides with the end of the ban on evictions in Wales on 30 June, will be available to anyone who has built up more than eight weeks’ arrears since March 2020. Read the article in full here and if you require further advice, get in touch with our experienced team for further information.
 
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