Flurry of interest bodes well for 2012


HOMESELLERS have every reason to be positive about 2012, according to award-winning estate agency Connells.

Despite the well-publicised challenges across the housing market in 2011, the branch team believes there will be increased activity in the year ahead, starting with the usual flurry of interest from buyers in January.

Connells has seen a growing number of home seekers in the market over the last six months, a trend branch manager Robert West believes will continue as conditions improve.

He said: “We expect a good start to 2012, buoyed by greater availability of mortgage finance and Government initiatives like FirstBuy and the recently announced Mortgage Indemnity Scheme.

“It’s clear that the appetite to buy for the first time and move home is there so those looking to sell and move home will be able to tap into increased buyer demand.”

First-time buyers looking to complete before the end off the Stamp Duty exemption on properties below £250,000 will need to be quick of the mark.

Robert added: “Those looking to get on the property ladder in 2012 would do well to get the ball rolling as soon as possible if they want to avoid paying Stamp Duty.

“After this date, first-time buyers will have to pay 1 per cent tax on any property over £125,000 in value.”

If you would like to book a free market appraisal of your property, call Connells in Rugby on (01788) 579880 or email rugby@connells.co.uk