When selling your home, at David Phillip Estate Agents we always advise to price your home competitively but realistically, this is even more key during the stamp duty holiday when we have heard of agents overpricing properties because the potential buyer will be making a saving as a result – this potentially could give the property market a false impression around price increases.
The generally accepted definition of a recession in the UK is when GDP falls in 2 successive quarters – the UK economy shrunk by 2.2per cent between January and March and 20.4 per cent between April and June according to the National Office of Statistics. This officially put the UK in recession for the first time since 2009. But this recession is very different to the financial one of 2009 where the Government made the decision to shut down large sections of the economy as a result of Covid-19, but were able to put measures in place such as the Furlough Scheme and Stamp Duty holiday as a result. It also means that the financial system has not frozen in the same way it did during the financial crash of 2008/9 when house prices dived.
Chancellor Rishi Sunak has announced today that he will increase the Stamp duty threshold from £125,000 to £500,000 immediately until March 31st next year to re-invigorate the housing market and help the UK recover from the consequences of Covid-19.
Covid-19 has changed the way people work and live, we hope that people are weathering the storm, staying safe and adapting to the new ‘normal’ When David and I opened our Estate Agency business in Bramhope at the end of 2018, who would have thought a little over twelve months on when Covid-19 resulted in a lockdown, a ‘short term’ business pause, followed thankfully by just over a month of our office being open again, we are now working in the new ‘normal’ way too. I am using this morning (Trudy is back in the office for the first time which is great for us) to reflect on how things have changed in the Estate Agency world and how our business was thankfully future-proofed from the start to allow for a new normal way of working. People sell houses, enabled by the best technology and modern sales techniques was our mantra right from the start – this is serving us well in the following ways:-
A brand-new, high-tech, interactive product, created by UK based Boost3D, is helping to revolutionise the property market, as estate agents offer prospective house buyers multi-user live 3D tours.

The Cedars Bramhope

26th June 2020
Please see our 3D virtual tour showing a great opportunity to acquire a most attractively presented semi-detached bungalow offering flexible, spacious accommodation on the ground and first floors, located in a sought-after residential area near to regular bus services. The accommodation downstairs has a formal spacious lounge, a dining kitchen with integrated appliances, two bedrooms (optional study) and a modern shower room with "walk-in" shower. On the first floor there is a light and spacious double room with under-eaves and separate toilet with wash hand basin. The other single room has built-in wardrobes. (Please be advised that whilst both rooms on this level have been used as bedrooms, the conversion was carried out prior to the sellers' ownership and therefore there is no paper trail for the conversion). Outside the wider than average single garage is approached drive providing off-street parking and the front and rear gardens are low maintenance. The accommodation is offered with a gas fired heating system and the windows are UPVC sealed double glazed.
At David Phillip Estate Agents, we are delighted that we have been given the green light by the Government to recommence selling properties in North Leeds which includes the undertaking of market appraisals and viewings, however, our delight is edged with some caution. As your local trusted Estate Agent we fully understand that we have a social responsibility to all our clients and this is something that we take very seriously. We also understand and recognise that as a buyer or seller you will also have growing concerns given the ongoing situation of Covid-19. Although some restrictions have been lifted, Covid 19 is still very much here and the way we undertake our business is absolutely key for our team, our clients, but also for the companies we work in partnership with. What was considered normal previously to Covid-19, no longer applies – we are now working with the ‘new’ normal
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