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โšฝ They think it’s all over... โšฝ Average house price dips for the first time since January... So, is it all over for the housing boom? ๐Ÿ’ฃ

Highlights from Halifax's latest report - DOWNLOAD IT IN FULL HERE: ๐Ÿ‘€

โœ… Average UK property price = £260,358 ๐Ÿก
โœ… That's £500 in Stamp Duty at today’s rates, increasing to £3,000 when things return to normal from the start of October ๐Ÿ’ฐ
โœ… Average property price down -0.5% for the first time since January ๐Ÿ”ป
โœ… Annual house price inflation at 8.8% compared to 9.6% in May โฌ
โœ… Having said this, house prices are still on average a WHOPPING £21k higher than they were a year ago ๐Ÿ”
โœ… 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 โšก

๐Ÿ™‹‍โ™€๏ธ Why is the market so busy at the moment? ๐Ÿค”

โžก Continuation of SDLT holiday* until 30th September๐ŸŒด
โžก ‘Race-for-Space’ and lifestyle changes/relocation plans ๐ŸŽ 
โžก Shortage of supply ๐Ÿก
โžก Low borrowing rates*** and the 95% Mortgage Guarantee Scheme (MGS)** ๐Ÿ’ฐ
โžก Swift vaccine roll-out which is releasing SO MUCH pent-up demand ๐Ÿ’‰

โŒ Outlook for market is far more uncertain โš 
โŒ If unemployment rises, there is scope for activity to slow sharply ๐Ÿ›‘

๐Ÿ” *SDLT holiday - ALL YOU NEED TO KNOW here: https://lnkd.in/dCbZdcS
๐Ÿ” **MGS details here: https://lnkd.in/ddQfqzT
๐Ÿ” ***Mortgage calculator here: https://lnkd.in/duhThWD
๐Ÿ™‹‍โ™€๏ธ ๐—›๐—ผ๐˜„ ๐—บ๐˜‚๐—ฐ๐—ต ๐˜„๐—ผ๐˜‚๐—น๐—ฑ ๐—ฎ ๐—ฏ๐˜‚๐˜†๐—ฒ๐—ฟ ๐—ฝ๐—ฎ๐˜† ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ต๐—ผ๐˜‚๐˜€๐—ฒ ๐—ถ๐—ป ๐˜๐—ผ๐—ฑ๐—ฎ๐˜†'๐˜€ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜โ“

Get in touch with our EXPERT TEAM and we'll let you know ๐Ÿฆน‍โ™€๏ธ๐Ÿฆธ‍โ™€๏ธ



#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
by Ali Baylav Managing Director Cavendish Residential

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