Property boom in Milton Keynes sees houses being snapped up for well over asking price

One house sold this month for a record £200,000 more than it was advertised for.

City conveyancing solicitors Hewitsons said post lockdown residential sales are "flourishing" all over Milton Keynes.

They say the booming transactions can be put down to several factors, including the government’s recent announcement of the relaxation of stamp duty on properties up to £500,000, and Covid clauses set up to protect the existing chains during the pandemic.

Clare Martin, partner and head of the residential property team at the firm, said: “Property sales ground to a halt during lockdown, for obvious reasons. But thanks to news regarding stamp duty and Covid clauses put in place to protect existing chains, we have seen a sudden jolt in activity – with sellers who have had properties on the market for often up to a year with no movement now achieving sales considerably over the asking price."

She added: “Significant investment in IT in the past year has meant that our excellent team at Hewitsons has been able to deliver outstanding client service whilst working from home – working seamlessly.”