โฝ They think it’s all over... โฝ Average house price dips for the first time since January... So, is it all over for the housing boom? ๐ฃ
Highlights from Halifax's latest report - DOWNLOAD IT IN FULL HERE: ๐
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Average UK property price = £260,358 ๐ก
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That's £500 in Stamp Duty at today’s rates, increasing to £3,000 when things return to normal from the start of October ๐ฐ
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Average property price down -0.5% for the first time since January ๐ป
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Annual house price inflation at 8.8% compared to 9.6% in May โฌ
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Having said this, house prices are still on average a WHOPPING £21k higher than they were a year ago ๐
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Anthony Codling at Twindig - "One month of falling house prices does not buck a trend and that trend, for now, is still up not down". Agreed! Market still extremely buoyant right now โก
๐โ๏ธ Why is the market so busy at the moment? ๐ค
โก Continuation of SDLT holiday* until 30th September๐ด
โก ‘Race-for-Space’ and lifestyle changes/relocation plans ๐
โก Shortage of supply ๐ก
โก Low borrowing rates*** and the 95% Mortgage Guarantee Scheme (MGS)** ๐ฐ
โก Swift vaccine roll-out which is releasing SO MUCH pent-up demand ๐
โ Outlook for market is far more uncertain โ
โ If unemployment rises, there is scope for activity to slow sharply ๐
๐ *SDLT holiday - ALL YOU NEED TO KNOW here: https://lnkd.in/dCbZdcS
๐ **MGS details here: https://lnkd.in/ddQfqzT
๐ ***Mortgage calculator here: https://lnkd.in/duhThWD
๐โ๏ธ ๐๐ผ๐ ๐บ๐๐ฐ๐ต ๐๐ผ๐๐น๐ฑ ๐ฎ ๐ฏ๐๐๐ฒ๐ฟ ๐ฝ๐ฎ๐ ๐ณ๐ผ๐ฟ ๐๐ผ๐๐ฟ ๐ต๐ผ๐๐๐ฒ ๐ถ๐ป ๐๐ผ๐ฑ๐ฎ๐'๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐โ
Get in touch with our EXPERT TEAM and we'll let you know ๐ฆนโ๏ธ๐ฆธโ๏ธ
DOWNLOAD THE FULL REPORT HERE:
โ๐ง๐จ
#cavendishexperts #sdltholiday #sdltcalculator #propertynews #estateagents #houseexpert #housingmarket2021 Rishi Sunak #houseprices #houseexpert #houseforsale #housingmarket #property #mortgage #homeowners #mortgages #realestate Russell Galley
Latest update from Cavendish Residential, Sales and Lettings Agency in Nottingham www.cavendishproperty.co.uk

Posted 12 July 2021
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