New data shows how Covid-19 has created a property market boom in Doncaster
Despite the uncertainty of the past year, Doncaster’s property market has shown resilience.
According to new data from online estate agent Strike, the number of offers accepted on properties in Doncaster was up 45 per cent last month versus February 2020.
Meanwhile, viewing requests for properties in the region have risen by 14 per cent this February versus the same month last year.
In the weeks since the government announced an extension to its stamp duty holiday - now continuing at the current rate until the end of June and tapering through September - Strike has seen property viewing requests in Doncaster soar – now up by 14 per cent in March 2021 compared to February 2020.
As a result of rising demand for Doncaster properties, house prices have also increased. Overall, sold prices in Doncaster have risen by 51 per cent versus prior to the pandemic.
Sam Mitchell, CEO of online estate agent, Strike, said: “What a year it’s been for the UK property market, with Doncaster being a prime example of an area that has seen demand for homes boom due to changing circumstances and government incentives encouraging the nation to move.
“Despite being in a third national lockdown, the stamp duty holiday extension, combined with restrictions lifting, vaccine rollouts and the new 95 per cent mortgage guarantee scheme, has meant that property demand is now stronger than ever – and easily surpassing pre-pandemic levels.
“Now is certainly a great time to sell if you’re thinking about it. While the stamp duty holiday is ending in June, those with homes below £250,000 will be able to continue to benefit until the end of September, while homes priced below £125,000 don’t face stamp duty costs anyway. Based on the average house price in Doncaster that means the majority should see strong demand continue even beyond the end of the stamp duty holiday."
For more on Strike visit the designated website where you can find out how to sell your house for free, a spokesman said: “For too long you, the Great British public, has been overcharged by estate agents. We believe things need to change. So let's lose the jargon. Let's lose the shiny suits. And let's make it simple, transparent and free.”