The so-called ‘trade up gap’ for people buying for the second time has grown to a record £67,761 according to Rightmove…..
Stamp duty holiday fuels sustained vendor interest
Surging interest from vendors took new sales appraisal requests for estate agents to an all-time high of 227% above pre-covid levels in the past week as more and more people manoeuvred to take advantage of the government’s stamp duty holiday, the latest data from the Yomdel Property Sentiment Tracker (YPST) shows. Buyers stabilised at record levels some 79% above the …
Get ready for a post-election ‘turbocharged’ property market bounce
Estate agents, developers and tech chiefs hail Conservative landslide as good news for housing, although many demand action on Stamp Duty. The resounding Conservative victory over Labour and the Liberal Democrats in the General Election has been warmly welcomed by the property industry this morning, with many predicting a post-election ‘super bounce’. Economic and political uncertainty has stalked the housing …
Property market stumbles as house price growth remains at seven-year low
Annual house price growth froze at the start of the summer, sticking at its seven-year low in June. Land Registry data has revealed that average prices grew 0.9% annually in June to £230,292, level with May and the lowest rate since November 2012. Monthly growth also remained at 0.7%. House price growth was strongest in Wales where prices increased by …