Okay we're going to say it... Market has gone MAD! Average UK property price hits all-time high... £261,743!!! đ Download Halifax's latest report below đ©
Nothing like loads of stats to finish off the week... Enjoy âș:
â
Annual house price inflation now at its STRONGEST LEVEL in nearly seven years đ
â
Average UK property price of £261,743 a NEW RECORD high đ„
â
Average property adding more than £3,000 (+1.3%) to its value in the last month alone... Yes, that's £3k in ONE MONTH! đČ
â
Average home has increased in value by more than £22,000 over the past 12 months (+9.5%)! đ„
â
Massive turnaround, 12 months ago demand collapsed (during 1st lockdown) đ
đâïž Why is the market so busy right now? đ€
⥠Extended SDLT holiday* đŽ
⥠‘Race-for-Space’ and lifestyle changes/relocation plans đ
⥠Shortage of supply đĄ
⥠Low borrowing rates*** and the 95% Mortgage Guarantee Scheme (MGS)** đ°
⥠Swift vaccine roll-out which is releasing SO MUCH pent-up demand đ
â Outlook for market is far more uncertain â
â If unemployment rises, there is scope for activity to slow sharply đ
đ Download full HPI report from Halifax here: https://www.halifax.co.uk/assets/pdf/may-2021-house-price-index.pdf
đ *SDLT holiday - ALL YOU NEED TO KNOW here: https://lnkd.in/e3A9K2v
đ **MGS details here: https://lnkd.in/ddQfqzT
đ ***Mortgage calculator here: https://lnkd.in/duhThWD
đâïž đđŒđ đșđđ°đ” đđŒđđčđ± đź đŻđđđČđż đœđźđ đłđŒđż đđŒđđż đ”đŒđđđČ đ¶đ» đđŒđ±đźđ'đ đșđźđżđžđČđâ
Get in touch with our EXPERT TEAM and we'll let you know đŠčâïžđŠžâïž
âđ§đš
#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

Posted 11 June 2021
Want more daily property news? Follow us on LinkedIn.