Bigger than usual New Year bounce, latest from Rightmove
After two months of falls, average new seller asking prices rise again by 0.9% (+£3,301) this monthaccording to Rightmove, the biggest increase at this time of year since 2020 as New Year sellers test the market. This takes the average price of a property to £362,438. The seasonal increase in new seller asking prices this January […]
Double digit price growth as a new normal housing market emerges this summer
Stock levels are beginning to increase as industry data reveals record price rises again for May’s figures with Zoopla recording average house prices exceeding £250,000 for the first time, with annual growth of 8.4%. Rightmove’s latest research reveals asking prices jumped by £55,551 in the two years since the pandemic, a figure never before witnessed […]
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Join hundreds of our happy sellers by booking a valuation today! Third consecutive price record & homes selling faster than ever in spring market frenzy! The price of property coming to market hits a new record high for the third consecutive month, up by 1.6% (+£5,537) to £360,101. Despite growing economic headwinds, the 2022 market continues to set new […]
Average house price hits a new record
The average house price has hit a record high for the third month in a row, rising above £360,000, according to Rightmove’s monthly index of property prices (The Times). Prices rose by 1.6 per cent this month, slowing slightly from a 1.7 per cent rise in March (Reuters). Properties are achieving 98.9 per cent of […]
Government considering right to buy for housing association tenants
People who rent their homes from housing associations could be given the right to buy their property at a discount of up to 70 per cent under plans being considered by the prime minister Boris Johnson, according to the Daily Telegraph. Mr Johnson has asked the No10 policy unit to develop the proposals to expand […]
Chancellor urged to cut stamp duty
Chancellor Rishi Sunak has been urged by Conservative MPs to scrap or cut stamp duty (The Telegraph). Rising house prices mean that 1.2 million homes that were zero-rated before the pandemic now require buyers to pay stamp duty. A further 3.2 million have been pushed into higher stamp duty brackets. £18.6 billion was collected through […]
UK house price growth surges to its highest level since 2004 says Nationwide
Annual house price growth increased to 14.3%, from 12.6% in February according to Nationwide Detached properties have increased by nearly £68,000 since onset of pandemic, while average flat prices up £24,000 Robert Gardner, Nationwide’s Chief Economist, said: “March saw a further acceleration in annual house price growth to 14.3%, the strongest pace of increase since […]
Best ever spring sellers’ market as prices hit another new record
Record Prices on House Sales Another new price record as the average price of property coming to market jumps by 1.7% (+£5,760) this month to £354,564, breaking through the £350,000 barrier for the first time The average monthly rise is the largest seen at this time of year since March 2004, pushing the annual rate […]
House prices rocket to new record high says Halifax
House Prices – News in 2022 Monthly house price growth rose to +0.5% following a slower start to the year Annual rate of growth at +10.8% is the strongest level since June 2007 (+11.9%) Average house price reaches another new record high of £278,123 Squeeze on household finances still expected to weigh on the market […]
Biggest ever monthly price jump sets new record high as movers fear missing out
Property Prices on The Rise Price of property coming to market rises by 2.3% this month (+£7,785) to a record of £348,804, the biggest monthly jump in pounds recorded by Rightmove in more than twenty years: Prices are now 9.5% higher than a year ago, the highest annual rate of growth since September 2014 There […]
