Rightmove expert says 'now is the time' to buy in cities as central locations bounce back

HomeLife & Style

Rightmove expert says 'now is the time' to buy in cities as central locations bounce back

Cory Askew, Chestertons’ Head of Sales, said they are seeing “increasing numbers” of house hunters who are rethinking their move to rural spots.Man

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Cory Askew, Chestertons’ Head of Sales, said they are seeing “increasing numbers” of house hunters who are rethinking their move to rural spots.

Many buyers are looking to move to London’s outer areas instead which benefit those looking to save money on stamp duty land tax (SDLT).

He said: “Outer areas of London have been the main beneficiaries of the SDLT holiday and continue to squeeze the last drops of opportunity out of the incentive before the June 30 deadline with strong buyer demand still very evident across our London offices. Even with new supply also up 50 percent compared to the same period of 2019, prices continue to rise.

“Unprecedented demand for houses, whether they be in Knightsbridge, Kew or anywhere in-between within our London network, are without a doubt the hottest commodity, with competitive bidding pushing achieved prices to new levels.



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