You don’t need me to tell you that the property market has experienced a surge over the last year. The stamp duty holiday encouraged many to buy now rather than later, working from home has opened our eyes to living in areas with more natural amenities on the doorstep and we’ve realised that if we do only have to go into the office three rather than five days a week, a longer commute is tolerable. But for how long can the bubble continue? Whilst there’s plenty of speculation over how long this current boom will last, here’s my guide on determining whether you should take the plunge right now or hold fire.
Don’t panic buy
Do you already own a home? If you are already on the ladder this is an easier question to answer because property prices are relative. What I would recommend is avoiding the situation where you have sold but are panicked into buying somewhere you don’t particularly like.
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