Higher demand has seen house prices rising 6.9% in the last year following the Covid lockdown with prices starting to ease.
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Category Archives: House Prices
People are distracted with the festive period and lower house prices in the pre-Christmas lull offer buyers many property bargains.
Record sales of 1.5 million homes are expected for this year and the strongest house price growth in 2022 will continue in regional markets outside London.
After the end of tapered stamp duty demand for property is historically high with low supply pushing house pieces to new highs.
Demand for more space is driving house prices higher in the suburbs as the pandemic changes the lifestyles of city homeowners.
You pay a £36,116 premium to live in market towns during lockdown, up 8.4% for the year as people look to improve their lifestyle.
Winchester replaces Oxford as the least affordable city to live and work with the highest average property prices now 14 times annual earnings.
Buyer demand in the first half of 2021 exceeded supply which has resulted in 225,000 fewer homes on the market and higher prices.
Demand for coastal living has seen house prices in Britain’s seaside towns rise 10% over the year as homeowners change their lifestyle.
Supply of properties on the market and available to buyers is an all-time low at the same time house prices are at record levels.