🗞 Latest average UK property prices rose again in July to £261,221... Though slower annual growth points to a cooling market ❄ DOWNLOAD FULL REPORT HERE: 

Highlights from Halifax's latest report: 👀

✅ Average UK property price = £261,221 (+£863 from last month) 🏡
✅ That's a monthly shift of +0.4% 📈
✅ Average SDLT around £500, will rise to £3,000 when things return to normal from the start of October 💰
✅ Annual house price inflation at 7.6% (compared to 8.8% in June) 📊
✅ HMRC monthly property transactions increased to the highest ever level 🥇
✅ UK seasonally adjusted residential transactions in June 2021 were 198,240 – up by 74.1% from May ⚡
✅ Compared to same time last year, that's an increase of 219.1% (down to first lockdown) 🔒
✅ Number of mortgages approved fell by 6% to 81,338 (data from Bank of England) 💵
✅ Yet it's 98% HIGHER than June 2020!! 😲
✅ *New buyer enquiries up 4 months in a row +14% 👫
✅ *Newly agreed sales also remained positive with a net balance of +8% 🤝
✅ *New instructions fell to -34% 🆕
✅ *Signaling a clear excess of demand over supply 🏡
✅ *Data from the RICS' Monthly Report

👀 DOWNLOAD FULL REPORT HERE: 

🙋‍♀️ 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 🦹‍♀️🦸‍♀️

☎📧🗨

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