Thomas Connolly Estate Agents
Neal Butler
Managing Director Thomas Connolly Estate Agents
2020 will be etched into our minds for the rest of our lives as an historical timeline to remember. It will be the year that will be taught in our schools to future generations for many years to come. It was also the year we had to learn to adapt and overcome, and very quickly. T is part of the story we all know, we all have our individual stories to tell. However, where do we possibly begin when explaining the Milton Keynes property market of the past 12 months? In his summer statement of 2020, the Chancellor
of the Exchequer, Rishi Sunak, announced a Stamp Duty Holiday which would turn ‘generation rent’ into ‘generation buy’. T is was set out with the promise that would help hundreds of thousands of people buy a home in a market that would simultaneously support the UK economy, especially at such a critical time, and it worked! This was the catalyst for growth in the UK
property market and it created a signifi cant boom in the Milton Keynes property market that exceeded all of our expectations.
What a
difference a year makes
T omas Connolly, which comprises estate agency, lettings, land agency and new homes, is located in T e Hub, Central Milton Keynes and has witnessed a record year in residential sales, new home sales and residential lettings as thousands of home buyers took advantage of the enormous stamp duty savings which allowed them to increase the size of their property and in some cases, their property portfolio which otherwise may have been a stretch too far. In addition, the summer months of 2020 were
exceptionally hot and quite unforgiving for us all, none more so than tenants (many of whom had small families) who experienced the entire lockdown processes whilst living with doors and windows closed in high rise accommodation.
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ALL THINGS BUSINESS
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