Okay we're going to say it... Market has gone MAD! Average UK property price hits all-time high... £261,743!!! 🚀 Download Halifax's latest report below 📩

Nothing like loads of stats to finish off the week... Enjoy ☺:

✅ Annual house price inflation now at its STRONGEST LEVEL in nearly seven years 📊
✅ Average UK property price of £261,743 a NEW RECORD high 🥇
✅ Average property adding more than £3,000 (+1.3%) to its value in the last month alone... Yes, that's £3k in ONE MONTH! 😲
✅ Average home has increased in value by more than £22,000 over the past 12 months (+9.5%)! 💥
✅ Massive turnaround, 12 months ago demand collapsed (during 1st lockdown) 🔒

🙋‍♀️ Why is the market so busy right now? 🤔

➡ Extended SDLT holiday* 🌴
➡ ‘Race-for-Space’ and lifestyle changes/relocation plans 🏎 
➡ Shortage of supply 🏡
➡ Low borrowing rates*** and the 95% Mortgage Guarantee Scheme (MGS)** 💰
➡ Swift vaccine roll-out which is releasing SO MUCH pent-up demand 💉

❌ Outlook for market is far more uncertain ⚠
❌ If unemployment rises, there is scope for activity to slow sharply 🛑

🔍 Download full HPI report from Halifax here: https://www.halifax.co.uk/assets/pdf/may-2021-house-price-index.pdf 
🔍 *SDLT holiday - ALL YOU NEED TO KNOW here: https://lnkd.in/e3A9K2v
🔍 **MGS details here: https://lnkd.in/ddQfqzT
🔍 ***Mortgage calculator here: https://lnkd.in/duhThWD
 
🙋‍♀️ 𝗛𝗼𝘄 𝗺𝘂𝗰𝗵 𝘄𝗼𝘂𝗹𝗱 𝗮 𝗯𝘂𝘆𝗲𝗿 𝗽𝗮𝘆 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗵𝗼𝘂𝘀𝗲 𝗶𝗻 𝘁𝗼𝗱𝗮𝘆'𝘀 𝗺𝗮𝗿𝗸𝗲𝘁❓

Get in touch with our EXPERT TEAM and we'll let you know 🦹‍♀️🦸‍♀️

☎📧🗨

#cavendishexperts #sdltholiday #sdltcalculator #propertynews #estateagents #houseexpert #housingmarket2021 Rishi Sunak #houseprices #houseexpert #houseforsale #housingmarket #property #mortgage #homeowners #mortgages #realestate Halifax

www.cavendishproperty.co.uk/articles Cavendish Residential offer Estate Agency and Lettings in Nottingham