Property market to remain open

News 02.11.2020

hofford

The Ministry of Housing, Communities and Local Government has confirmed that the housing market will remain open during the second lockdown.

The Ministry of Housing, Communities and Local Government has confirmed that the property market will remain open during the second lockdown.

Following the outbreak of the Coronavirus, the process of buying and selling property in the UK has been significantly modified. Because of this, moving home during the 4-week planned lockdown in England will still be possible.

When the second lockdown comes into effect on Thursday 5 November, the property market, including estate agents and tradespeople, will remain open for business. This is welcome news not only for those in the process of selling their property. But, also for home movers looking to take advantage of the stamp duty holiday.

John Foster, Managing Director, Fosters Financial said: “As we approach this new lockdown it is imperative that we all stay safe. We have completely changed the way we do business and are therefore able to continue operating in a safe manner.

This virus is ultimately not going away anytime soon. We therefore need to learn to not only live with it, but continue to thrive to support the economy. We all have a role to play in ensuring a quick and speedy recovery as we look to 2021.’’