Biggest Average House Price Rise In Over 4 Years!

Biggest Average House Price Rise

Rightmove have reported that house prices on average are up 5.5% (16,818) compared to this time last year which makes it the biggest rate of increase for over 4 years!

The results speak for themselves!

New records have been set and forecasts have risen in extraordinary times! Not only are house prices on the rise, but activity levels also hit new records in September and show no signs of slowing down! With the property marketing continuing to on its upward surge there really has never been a better time to sell! 

  • 50% more web traffic on Rightmove than September 2019
  • 66% more active buyers looking online (Rightmove)
  • 58% more sales agreed in October 2020 than in 2019 (Rightmove)
  • 50% more homes progressing through the system than this time last year (Zoopla)

Buyers rush to meet stamp duty headline

As part of the range of measures to mitigate the economic crisis caused by the coronavirus pandemic, the government introduced a temporary holiday for Stamp Duty. Homebuyers are now looking to make the most of the stamp duty holiday before the cut off date. 

With hundreds of thousands of property buyers rushing to find and move into their dream homes before the Stam Duty holiday ends in March 2021, now is a vital time to get your property on the market and take advantage of the increased number of buyers looking to move before the end of the year!

Find more information about the Stamp Duty holiday here.

Want to speak to your local branch? Contact us today. 

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