The property market is facing unprecedented change. Many businesses are looking to reduce or repurpose their commercial office space, and the residential market is growing at an exponential rate, with added measures such as the Stamp Duty Holiday contributing to the demand for services such as conveyancing.
Some firms are struggling under the weight of elevated enquiries since the start of lockdown. However, our property teams remain on track for a record number of enquiries, clients, and completions during this period.
Paul Sams, Head of Property adds:
"The property market is booming. This is a bizarre year, and I am not sure whether it is due to pent up frustration from “Lockdown 1.0” , historically low interest rates for borrowing, the temporary change to stamp duty land tax until April next year, or simply the fact that life has been altered so much that people are taking the chance to move. Whatever the reason, we have never been busier.
A lot of firms are actually refusing to take new work on, which is counterproductive in the long run. However, this means firms like ours are welcoming the opportunity to speak to even more new clients than usual. We have a structure in place that has allowed us the flexibility to welcome extra hands to help across every sector of our business where required, from experienced lawyers to additional staff for our accounts team.
As our video to you clearly states, we are here when you need us - and always will be."
This is a really exciting time for our business, and we'd like to thank all of our clients and referrers for their faith in our services this year.
For those looking for support with a property enquiry, here is a brief message from our property teams... we remain here when you need us.
