As Unemployment hits 10.3% in Thanet, what effect will this have on the Thanet Property Market in 2021? 12 months ago, the unemployment rate in Thanet stood at only 2.4% of the working population, yet with Coronavirus hitting the UK, what impact will this do to the value of your Thanet home or the rents you pay as a tenant? Read to find out.

With the second lockdown starting on the 5th of November 2020, does this mean Thanet landlords can wave goodbye to their Thanet buy-to-let investment and see it go up in smoke on the bonfire of buy-to-let dreams, like a Guy Fawkes puppet? With many Thanet tenants at risk of losing their jobs after the furlough scheme ends in March?

With the banks reducing the number of low deposit mortgages since Covid-19 hit in the Spring, this has meant that the number of Thanet first-time buyers has been decreasing quickly, obligingly many of those would-be Thanet buyers wanting to make the first step onto the Thanet property ladder choose to stay in the Thanet rental sector.

Looking back at the Thanet property market for 2020, it certainly can be seen as a frenetic game of two halves, albeit with a very long half time in the spring. Between the General Election in mid-December and Christmas, many Thanet agents saw an unusually higher uplift in activity in the property market just as we were getting ready for Christmas

With tax bills about to go through the roof, is this the time toleave the Margate buy to let property market?

With a no deal Brexit on the horizon, the end of the Stamp Duty holiday in March, mortgage payment holidays coming to an end, unemployment set to rise after furlough and ongoing on/off coronavirus restrictions ..what will this do to the Thanet property market and the value of your Thanet home?

Are you considering renting out your property? Well, but is your property ready to be rented out? Confused? Don’t be! You need to make sure that your property is clean, presentable and appealing before potential tenants start visiting the property. Right from leaking walls to a backyard filled with dirt, any small point can put off the visitors. It also guarantees that the tenants have a pleasant stay once they choose the property. Though it may seem simple, renting a property may also involve small details and official paperwork.

Oh the weather outside is frightful… As the temperature drops, NOW is the time to think about how best to prepare your property for the colder months ahead.

The Thanet property market has resisted every Economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly half a trillion pounds to pay for Coronavirus support packages etc, all of this has had no effect on Thanet homeowner’s enthusiast to want to move.

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