Fast House Sale Stockton
Sell My House Quickly Stockton found another interesting article for those who want a fast house sale in Stockton. Read further to learn how the price of homes on Teesside soared during the coronavirus outbreak.
Full article by Gazette Live
Properties in the area are now worth up to £17,000 more than at the start of the pandemic.
Redcar and Cleveland have seen prices rocket by the most locally in the past year. In March last year, the average house price in the area was £122,267. By March 2021, house prices had jumped by 13.7% – or £16,772 – to £139,039.
In other parts of Teesside, prices have also soared.
In Hartlepool, the average prices of homes rose to £120,141 by the end of March. This was up £11,503 – 10.6%.
Houses prices in Stockton also increased by £10.049 to £144,651 – up by 7.5%.
Changes in the tax paid on housing transactions may have allowed sellers to request higher prices as the buyers’ overall costs are reduced.
On July 8, 2020, the Chancellor announced a suspension of the tax paid on property purchases with immediate effect in England and Northern Ireland. Similar policies were announced in Scotland and Wales later in the month.
In England and Northern Ireland, properties up to the value of £500,000 would incur no tax, while the thresholds for Scotland and Wales were £250,000.
The tax holiday for Scotland ended on March 31, 2021, while it was extended until June 30 2021 in Wales.
In England and Northern Ireland, the size of the tax-free threshold will decrease to £250,000 from July 30, until September 30.
If you want a fast sale on your Stockton house, then contact Sell My House Quickly Stockton. We offer to buy your house quickly at a fair price – more than you would get from your traditional Estate Agent. Call us today on 07495 367039, or click here and fill out the form.