BREAKING NEWS: Wales Enters National “Firebreak” Lockdown

The Welsh government has this lunchtime confirmed that Wales will enter a national lockdown from Friday 23rd October to Monday 9th November.

First Minister Mark Drakeford has made the announcement in response to the spiralling number of Coronavirus cases in Wales.

Failure to abide by the temporary measures may result in fines and/or criminal proceedings. The measures will require people to work from home unless they are critical workers.

All non-essential businesses must close and it is anticipated this will include estate agents which were classed as “non-essential” during the national lockdown earlier in the year, with potential knock on impacts for homemovers hoping to take advantage of the SDLT holiday.

Other measures include

  • Banning household mixing both indoors and outdoors, although those in social bubbles will still be able to meet.
  • Primary schools will open after the half-term week while only Year 7 and 8 pupils will return to secondary schools
  • University students will have to remain in their university accommodation.
  • Places of worship will be closed except for weddings and funerals

According to Mr Drakeford, the measures are designed to provide

“a short, sharp, shock to turn back the clock, slow down the virus and buy us more time.”

 

1 Comment

  • test

    Our latest Property & Homemover Report reveals that Wales has recorded the highest increase in property asking prices across the UK. The country has seen a rise of 12 per cent in asking prices over the last year, the highest level across the UK, with the average house in the country now costing £241,675. In general asking prices have risen by £31,000 with the average property in the UK now valued at £384,000.

    However, the worry as this article outlines is that thousands of home buyers are set to miss out on the stamp duty holiday due to the current property boom and lack of conveyancing resource to deal with it. Since 2008 the residential property market has maintained a steady volume of approximately 1 million transactions a year, however, post lockdown the market is witnessing transaction levels unseen for over a decade. The data reveals new instructions are up 16 per cent, sales agreed are up 24 per cent and the number of properties being withdrawn from the market are down five per cent. With further lockdowns being implemented this will also serve to impact the market.
    Colin Bradshaw, Chief Customer Office, TwentyCi

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