Can the conveyancing system keep up with the record number of sales?
Since COVID-19 hit and the UK was forced into lockdown in March, the economy has seen a downturn. When people were not allowed out of their homes except for essential travel, the housing market all but ground to a halt. Now that restrictions have been eased, the economy needs a boost, and fast, and it is the housing market that looks set to lead the way.
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Early adopters
Estate agents were amongst the first groups allowed to return to work, albeit
with lots of rules and guidelines to keep them and their customers COVID-safe.
The housing market is often used as a barometer for the state of the wider
economy, so getting it moving again was a priority for the government.
The boost for sales has come in form of a stamp duty holiday until 31 March
next year, with all parts of the housing chain seeing a …
