Rightmove reported its highest ever number of website visits (over 9.3 million) on 7 April1. In March, house hunters spent over two billion minutes on the property listing site.
Buyer demand is high, as families continue to reassess their priorities for their home.
In February, a 22% upswing in the number of people contacting estate agents was recorded, compared with February 2020, while March saw demand soar by 34% compared with 2020’s pre-lockdown market.
Demand is outpacing supply, with an average of 17 buyers chasing every newly-listed home in February.
A shortage of property for sale is pushing asking prices higher. The Stamp Duty holiday extension and the first steps out of lockdown, are likely to provide sellers with the reassurance they need to take the plunge in the coming months.
Catch up on our other blog posts:
Seven million people are keeping quiet about mental health issues, while nearly four million are hiding a physical health problem from their families, according to a study1. Keeping loved ones in the dark about health issues can create problems both now and in the...
The temporary raising of the nil-rate Stamp Duty band threshold to £500,000 ended on 30 June. The measure was introduced in July 2020 to maintain confidence in the housing market during the pandemic. Don’t despair if you missed the deadline, as there's now a tapered...
House prices continue to rocket, with the Nationwide House Price Index1 revealing annual house price growth of 13.4% in June, the highest level since November 2004. The extended Stamp Duty holiday, in addition to the new mortgage guarantee scheme and changing...
(Your home may be repossessed if you do not keep up repayments on your mortgage)
We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)
For Lifetime Mortgages/Equity Release the fee will be £799.
Our mission is to provide honest mortgage advice, whilst helping you save money.
Get in contact
Or call —02380224925