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Celebrating Beccles Switch On

Celebrating Beccles Switch On
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Durrants at the heart of Halesworth Christmas Lights

halesworth christmas lights
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Durrants Reydon property receives national interest

national interest
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March the Month for Prostate Cancer UK

March the Month Challenge
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Durrants overturns planning refusal for rural workers dwelling

planning permission
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CLA East: A zero-carbon performing home

cla east zero carbon
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Durrants at Henham Steam Rally this weekend

henham steam rally
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Durrants submits representations to East Suffolk rural housing SPD

SPD
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Government announces intervention in Nutrient Neutrality challenge

nutrient neutrality challenge
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One for the Road

one for the road
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Introducing Gabrielle Wones

gabrielle wones
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Fundraising success for Diss Community First Responders at Carnival

first responders
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Events…

events
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Durrants achieve approvals after Norfolk councils promise swift action on Nutrient Neutrality

nutrient-neutrality-3
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From concept to completion – Durrants Building Consultancy

durrants building consultancy
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Build Back Better

build back better
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Potential delays to planning applications in Norfolk following Nutrient Neutrality announcements

News Article Potential delays to planning applications
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Top tips for selling your home

News Article Selling your home
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Durrants to fundraise for Diss Community First Responders at Carnival

diss first responders
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Here be Dragons

Here be Dragons
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Spring into action

spring into action

As we head into spring, Dominic Parravani of Durrants looks at what’s required to win the race to buy a home.

Markets are forever in flux. So our handling of markets must be flexible.

We can buy, hold or sell in the stock market depending on conditions. In a fruit and vegetable market we can buy the freshest produce early in the morning at the full price. Or we can purchase what no one else has bought at a cheaper rate in the late afternoon.

The property market is also in constant flux. There are occasions when there is a lot of stock and buyers have so much choice they can take their time and sometimes make low ball offers.

But we are not in that market now. In many areas around the UK it is quite the opposite. Figures show that generally there are twice as many buyers as there are properties to buy. This is hard enough for buyers. But, in hotspot areas, there are many more buyers per property – result, a feeding frenzy.

So forget a leisurely, late evening, glass-in-hand, browse through your preferred property portal. It is not going to help very much. Because by the time a property gets onto a portal nowadays, the early bird will have already caught its worm.

Serious buyers behave differently in this sort of market. They know they need to find a property before it ever reaches a portal. And the best way to do this is to get to know their local independent estate agent so they can be first in the queue for the pick of the properties.

You see the experienced local agents know their own market best. Years of working in their area mean they know local people and – crucially – often hear first when someone is about to make a move. Then they carefully match those who want to sell with those want to buy. Property portals don’t do that.

If you are serious about buying this spring, get to know your local, well-established estate agent. You will find their knowledge and experience provide the very best in buying advice. And if you are selling, their knowledge, experience – and list of buyer contacts – is vital in a hot market.

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Make sure you take a meter reading today

meter readings
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Durrants to sponsor Diss Carnival 2022

Diss Carnival
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Introducing August Atkinson

August Atkinson
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Swings and Roundabouts

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Chained Up

chained up
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Predicting the Present

Snowdrops
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Keeping the community safe in St Margaret South Elmham

First aid course supported by Durrants
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Ode to Joy

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New All-Weather Canopy for Owlets Ilketshall Pre-School

Owlets preschool receives funding from Durrants Charitable Foundation
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Change ahead for Minimum Energy Efficiency Standards

Durrants can offer advice on minimum energy efficiency standards
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Wymondham Rugby Minis Festival a Great Success

Wymondham Rugby Minis Festival Durrants
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Resistance is Futile

little green men and the property market
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Durrants launches luxury bungalow development in Chedgrave

Church View, Chedgrave. Velo Homes Durrants
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Charity Clay Shoot a Great Success

Durrants Charity Clay Shoot 2021
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An Exciting New Challenge for Lisa

Lisa Brown Residential Sales Manager, Durrants Beccles
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Promo for Flo!

Southwold residential sales manager Florence Bond
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Bringing the Community Together in Beccles

Beccles Library donation from Durrants
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The benefits of bungalow living

pros and cons of buying a bungalow
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What does the easing of Covid restrictions mean for property viewings?

please wear a mask
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Southwold Bees Project supported by Durrants

southwold bees supported by Durrants
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Durrants’ support for the River Waveney Trust

Durrants supports River Waveney Trust
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Jungle Crows get new kit

Southwold Rugby donation to ungle Crows
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What goes up – goes up further

what goes up, goes up further
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Where to start when extending your home

where to start when building a home extension.
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On the ‘Trail’ with Harleston and Waveney artists

Harleston and Waveney Art Trail sponsored by Durrants
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Don’t panic Mr Mainwaring

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A garden to stimulate the senses for Fressingfield Primary School

fressingfield primary school sensory garden supported by Durrants
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Kerb appeal that sells

kerb appeal to sell your home
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How much is your property worth?

How much is your house worth
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Bedroom presentation to sell your home

Bedroom presentation to sell your home
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Keep the home fires burning

Stamp duty announcement Budget 2021
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Don’t lose sleep over selling your home

you won't lose sleep when you sell with Durrants
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Durrants volunteers making a real difference in the community

The Durrants Team volunteering in the community
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Durrants announces £20k funding for local charities

Baby Basics and Durrants Charitable Foundation
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Exodus

Demand for Suffolk countryside properties increases due to covid
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The increased demand for rural and coastal properties explained

rural property sales in norfolk and suffolk
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A guide to understanding your property’s value

Understanding your property value
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We’re still open and here to help

Durrants in Southwold
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Lessons learned

House News Story
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Loo rolls and other flying objects

Sale agreed with Durrants
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I Wish

I Wish
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Booming Marvellous

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Make Hay While the Sun Shines

Make Hay While The Sun Shines

Durrants Managing Director Dominic Parravani assesses the Chancellor of the Exchequer’s stamp duty changes – designed to stimulate the property market.
 
With post-Covid demand for property at a welcome high level, one thing was needed to help create what could be the most active market since the great recession: greater affordability.

Now the Chancellor has gone a long way to help through his mini-budget. From 8th July 2020 until 31st March 2021 there will be a temporary stamp duty holiday on the first £500,000 of all property sales in England and Northern Ireland. This does not affect Scotland and Wales, which have their own property transaction tax regimes.

Under Sunak’s change buyers of second homes and buy-to-let properties will also benefit, but will still have to pay the existing 3% extra duty due on the entire price.

During this tax holiday, the average stamp duty bill will fall by £4,500, and almost nine out of ten people buying a main home this year will pay no stamp duty at all. Anyone buying a home for around £475,000 will save almost £14,000 in tax.

We in the property industry have long called for the government to overhaul a tax that has become a serious hindrance to buyers. Although seen as unfair by many, the government’s annual return from stamp duty is around £12bn – roughly equivalent to 2% of the Treasury’s total tax income. However even the Prime Minister has said in the past that he wanted to scrap stamp duty up to £500,000 and reduce the top rate – on homes costing more than £1.5 million – from 12% to 7%.

With the Halifax announcing, unsurprisingly, that house prices have fallen during the four months of lockdown, the new stamp duty level and the increased desire by many to make a lifestyle change mean this is the best time for years to buy a property. As any farmer will tell you, make hay while the sun shines.

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The New Normal

new normal
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Really Useful Engines

really useful engines
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Bouncy Bouncy

real estate charts
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Realism is our Vaccine

Realism is our Vaccine
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Getting in gear

Getting in Gear
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Adding £££s

Adding £££s
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The Value of Home

Dominic Parravani
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Screen Appeal

Screen Appeal
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COVID-19 Update

COVID-19 Update
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Durrants Statement

Dominic Parravani
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How can the Budget can move the housing market?

Adding £££s
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20-20 vision into the property market

Mark Mugliston
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Snowdrops

Snowdrops
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Dare to dream

Dominic Parravani