Phased reopening of Property transactions
Whilst there are challenges around the viewing of newly listed properties, there will be a large number of properties that had agreed sales prior to lockdown and are awaiting a relaxation of lockdown measures in order to complete.
Many, if not all, of these moves could be conducted whilst adhering to social distancing (use of self-hire vehicles, storage units or even removal companies could be combined with staggered handover of keys). Given the chain effect, this will positively impact estate agents and law firms whilst contributing to the collection of taxes, mitigate against a crash in prices and the associated economic harm.
Why the contribution is important
Many people will have arranged their finances or paid significant sums of money in anticipation of completing. Delays risk transactions falling through, resulting in significant hardship. A phased approach allowing previously agreed sale and purchases would allow the property market to tick over whilst supporting estate agents and law firms.
by JMc on May 05, 2020 at 01:27PM
Posted by vl3092 May 05, 2020 at 13:50
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