Average UK property price now worth £336,073
At least the amount of homes being sold at asking price is increasing as buyers search for new homes in a busy market.
Since the housing market reopened last year, this percentage has increased and reached its highest level.
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Data from Rightmove shows that as recorded in January this year, 37% of homes sold in England and Wales achieved more than their final asking price.
Nationwide Building Society believes the 37% figure could be even higher, as annual house price inflation has since risen by 10.9% in May.
Home transactions in the UK picked up during the stamp duty holiday, with buyers outnumbering sellers and creating a price war.
House prices in the UK are at an all-time high, with the average property price at £336,073.
However, there are signs of a slowdown in the market as the stamp duty holiday draws to a close.
Ged McPartlin, managing director of Ascend Properties, told City AM: “It’s certainly a seller’s market at the moment, and despite the first stamp duty holiday deadline looming, there are multiple buyers… “We continue to see companies trying to outbid each with the limited options available, leading to higher prices.” Achievement rate of desired price. ”
“With the north of England continuing to lead the way as the best-performing regions and many sellers doing well to put their properties on the market, it’s no wonder there has been a recent spike in house prices. .”
“While this high market activity may subside slightly once the current stamp duty holiday ends and the dust clears, we expect this trend to continue into next year due to the continued imbalance between demand and supply. will be certain.”
