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Why now could be the best time to buy a new luxury home

By LLM Reporters on 2nd September 2020

As the global Covid-19 pandemic continues, buying a new home might be the last thing on your mind – but according to the experts, now could be a better time than ever. So, if you’ve been thinking about upgrading or investing in that luxury property of your dreams – or even expanding your lettings portfolio – then an opportunity not to be missed may well be on the horizon.

With the government having recently announced the hotly-anticipated stamp duty holiday, the housing market has quickly become a hive of activity, and as we head towards the final quarter of the year, the property business is well and truly booming. In 2020, more people than ever have realised the importance of living in a comfortable and luxurious home they love. Because frankly, the thought of another lockdown is in the back of all of our minds, and if it does have to happen, we want to be prepared.

With plenty of great opportunities to bag a lavish new abode available, whether to live in yourself or to simply boost your ever-expanding portfolio, it’d be rude not to have a look – but be prepared, as home buyers should act quickly in this current climate to make the most of this rare window of opportunity.

When moving, be sure to book your house movers in early, as this time of year can be super busy. Moving house can be almost as stressful as the purchase itself if not planned in advance, so do your research first and be sure to choose one of the best house-moving services in the UK. Shift have a great reputation and will get you all moved in without any headache, leaving you free to do the fun bits.

As the global Covid-19 pandemic continues, buying a new home might be the last thing on your mind – but according to the experts, now could be a better time than ever

The housing market is buoyant

The housing market has been given something of a reboot after the easing of lockdown measures, and there are a range of opportunities out there for all types of buyers – whether you’re looking for your first luxury home, are keen to upgrade to a new one or simply want to add to your current portfolio.

Pay a visit to your nearest luxury property estate agent to find out what’s on offer, and make an appointment with a trusted advisor, who will go through all of the different options with you to help you find the best fit.

Swerve the stamp duty

If you’re a first-time buyer, this won’t affect you, but many prospective buyers are still popping the champagne open following the governments recent announcement of a stamp duty holiday. Set to remain in place until March 2021, buyers will pay zero stamp duty on homes up to the value of £500,000 – and thanks to low interest rates, property prices have barely changed. With this in mind, you could be in line to make a substantial saving, making it a great time to buy, sell or move.

With four months to go until Christmas, what better time to get the ball rolling than now?

Beat the second wave

With many predicting a second wave of Covid-19 during the winter months, if you’re eager to make the move this year then acting now, while things are still relatively calm is wise. Many European countries are experience a surge in coronavirus cases, and with them, the tightening of lockdown measures – so leaving it too long to get moving could mean you end up stuck where you are for the rest of the year.

If you do have to endure a second period of quarantine, then you may as well be able to do it in your lavish new abode. Be sure to opt for a pool, games room and hot tub to ensure you won’t have the chance to get bored!

Move in before the festive period

With four months to go until Christmas, what better time to get the ball rolling than now? All being well, you should have completed and be ready to move in in time for Christmas, and celebrate the first round of festivities in your beautiful new home.

If you’re keen to make the move this year, then there is no time like the present. So why not book an appointment in with your estate agent and the local luxury broker, and see what’s on offer?