Glastonbury and Street
Nub News Logo
Nub News

Stamp Duty holiday is increasing competition for properties according to Glastonbury estate agent

By Tim Lethaby 16th Jul 2021

Heritage Estates in Glastonbury High Street
Heritage Estates in Glastonbury High Street

A Glastonbury estate agent has said that, if you are looking to sell your home, now is a perfect time to put it on the market due to the Stamp Duty holiday creating competition for properties.

Mandy Kimber, of Heritage Estates in the High Street, told Glastonbury Nub News that, with the Stamp Duty holiday making homes more affordable, she is seeing a number of people being seriously interested in each home she has for sale.

Current Stamp Duty benefits finish at the end of this month where no Stamp Duty is paid up to £500,000.

The Chancellor has given a tapered extension until end of September 2021 on properties up to £250,000 not paying Stamp Duty.

Mandy said: "Now is a perfect time to sell due to the Stamp Duty holiday which ends in September making properties more affordable.

"Since lockdown ended, people are putting their money into property and are looking for a good deal, which means properties are selling very quickly."

She said that a good first step is to ask for a valuation appraisal, even if you are not sure you want to sell yet.

"It is perfectly OK to ask for a free valuation, as you are not committed to taking this offer up," she said.

"Of course, if you see a property you are interested in and are in a position to move, for example you have already sold, then you need to act fast as we are finding several people are after the same property.

"People are buying from outside the area who wish to leave the city life behind for a more peaceful existence.

"There is some local buyers but they are mainly from outside the area at present."

For more information or to ask for a valuation appraisal, you can visit the Heritage Estates website here.

     

CHECK OUT OUR Jobs Section HERE!
glastonbury vacancies updated hourly!
Click here to see more: glastonbury jobs

     

Can we count on you? Local news is the heartbeat of Glastonbury and Street
— it needs your support.

For less than the price of a cup of coffee each month,
you can help us keep telling the stories that matter to Glastonbury and Street.
Support local journalism. Protect your community.

Thank you to those of you that have already contributed.
Monthly supporters will enjoy:
Ad-free experience

Share:


Sign-up for our FREE newsletter...

We want to provide glastonbury with more and more clickbait-free news.

     

...or become a Supporter.
Glastonbury and Street. Your Town. Your News.

Local news is essential for our community — but it needs your support.
Your donation makes a real difference.
For monthly donators:
Ad-free experience