fbpx
Free valuation

Scan the QR code below
with your smartphone

Rubicon WeChat QR Code
  • 0207 987 8887
Property prices RISE at fastest rate on record!

Property prices RISE at fastest rate on record!

Rightmove has reported property price increases from December 19 to January 20 of 2.3%; representing the largest-ever increase in prices over a 4-week period since it began its asking price index almost two decades ago. With the property market starting the year in such good health, 2020 is poised to be a strong year all round for housing.

In the 4 weeks from 8th December to 11th January, asking prices increased by over 2%, with the general election result having a strong positive effect on the market, thanks to the certainty of a majority government.

It is not just vendors who have returned to the market, with Rightmove also recording a 15% jump in enquiries over the same period, when compared to January 2019.

Miles Shipside, Rightmove director and housing market analyst, comments: “The housing market dislikes uncertainty, and the unsettled political outlook over the last three and a half years since the EU referendum caused some potential home-movers to hesitate. There now seems to be a release of this pent-up demand, which suggests we are in store for an active spring market.”

He continues: “The early birds are on it, with over 1.3m buyer enquiries to agents since the election, up 15 per cent on the same period a year ago. Some buyers are even further ahead and have snapped up a property already.”

From the blog

25Nov Rightmove Says 650,000 Homes Will be Sold Across Britain

Rightmove Says 650,000 Homes Will be Sold Across Britain

According to the website Rightmove, about 650,000 homes will be sold in Great Britain. This unprecedented surge in real estate sales is occurring despite the second lockdown. The new trend emerged as a result of the stamp duty holiday recently introduced by the government. The holiday will last until March 2021 and all first home […]

READ MORE

Get social

Arrange a viewing for: Property prices RISE at fastest rate on record! - £

[contact-form-7 404 "Not Found"]