Demand for housing is a third higher than a year ago although it has been slowing since the start of the stamp duty holiday.
Category Archives: House Prices
There are 50% more sales of properties in the pipeline with house prices at a two-and-a-half-year high helped by the stamp duty holiday.
The top ten most expensive streets in Britain are all in London with Kensington Palace Gardens costing the most and averaging £35m.
Demand for property from new buyers entering the market has maintained pressure on house prices rising 2.6% for the year.
Second steppers looking for larger homes are driving the price of three and four bedroom properties to new record high prices.
Property prices for first time buyers in London rise by 98% over the decade and deposits are more than double the national average.
Homebuyers are more reliant than ever on the bank of mum and dad funding nearly a quarter of all housing transactions.
Buyer demand is up a third this year and no signs of losing momentum with house sales 76% higher over the five year average.
The number of house sales have reached a record for the last ten years as summer holidays are replaced by moving home.
Post lockdown the UK housing market is in a mini-boom with asking prices at record highs and rising £7,640 this month.