⚽ They think it’s all over... ⚽ Average house price dips for the first time since January... So, is it all over for the housing boom? 💣

Highlights from Halifax's latest report - DOWNLOAD IT IN FULL HERE: 👀

✅ Average UK property price = £260,358 🏡
✅ That's £500 in Stamp Duty at today’s rates, increasing to £3,000 when things return to normal from the start of October 💰
✅ Average property price down -0.5% for the first time since January 🔻
✅ Annual house price inflation at 8.8% compared to 9.6% in May ⏬
✅ Having said this, house prices are still on average a WHOPPING £21k higher than they were a year ago 🍔
✅ 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 ⚡

🙋‍♀️ Why is the market so busy at the moment? 🤔

➡ Continuation of SDLT holiday* until 30th September🌴
➡ ‘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 🛑

🔍 *SDLT holiday - ALL YOU NEED TO KNOW here: https://lnkd.in/dCbZdcS
🔍 **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 🦹‍♀️🦸‍♀️

DOWNLOAD THE FULL REPORT HERE:

☎📧🗨

#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