đ♣♠♦♥ Market delivers a ‘FULL HOUSE’ for first time since March 2007, with PRICE RECORDS in ALL REGIONS and ALL PROPERTY MARKET SECTORS (First-time buyer, Second stepper and Top of the ladder) đżđ„đ
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Asking prices of newly marketed properties have risen by +1.8% (+£5,983) this month to hit a new all-time high of £344,445 đ°
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That’s the biggest rise at this time of year since October 2015 âŹ
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In the East Midlands, we are up +1.0% on last month taking our average asking price £267,095 đ
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Nationwide, the average time for property to be marked SOLD is 37 days, which is a whole month faster than in February 2020 before the pandemic hit âĄ
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Property in East Midlands selling in just 34 days! â
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Window of opportunity to buy before a potential interest rate rise keep activity robust despite end of final stamp duty incentive đ
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Number of sales being agreed was up 15.2% in September, versus 2019’s ‘normal market’ comparison đ€
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Available stock still at low levels (49 listings per agency compared to 66 this time last year) = fierce competition among buyers đ„
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However, there are continued signs of more properties coming to market đĄ
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2021 has been the year of the POWER BUYER - those with their property already SSTC or who have nothing to sell - and thus have the best negotiating hand to secure their ideal home in these ‘full house’ market conditions ♥♦♠♣đ
đ DOWNLOAD FULL REPORT HERE: https://www.rightmove.co.uk/news/content/uploads/2021/10/Rightmove-House-Price-Index-18th-October-FINAL-1.pdf
How to become a POWER BUYER!! đȘ
1ïžâŁ Factor to bid above asking price đ
2ïžâŁ If you need to sell, make sure you have an offer accepted BEFORE searching your new home đ€
3ïžâŁ Or better still, be in a position where you don't have to sell to buy đ
4ïžâŁ Have proof of your mortgage offer from DAY ONE đ
đâïž đđŒđ đșđđ°đ” đđŒđđčđ± đź đŻđđđČđż đœđźđ đłđŒđż đđŒđđż đ”đŒđđđČ đ¶đ» đđŒđ±đźđ'đ đșđźđżđžđČđâ Contact our EXPERTS đŠč𩾠and we'll let you know đ
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đ♣♠♦♥ Market delivers a ‘FULL HOUSE’ for first time since March 2007 - By Cavendish Residential Lettings Agency and Estate Agency in Nottingham

Posted 19 October 2021
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