New record asking prices with resilient activity, despite Stamp Duty increase 🤝
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Latest Sales Market news and stats from Rightmove's House Price Index 🔢:
New record asking prices with resilient activity, despite stamp duty increase 🤝
✔️ The average price of property coming to market for sale rises by 1.4% (+£5,312) this month to a new record of £377,182. This is a larger-than-usual April price increase, despite a decade-high number of homes for sale for the time of year
✔️ A snapshot of the post-stamp-duty-increase market suggests movers are carrying on and have adjusted to the tax rise:
✔️ The level of agreed sales falling through remains steady, with most buyers who missed the deadline still proceeding
✔️ The queue of buyers completing home moves has eased by nearly 24,000, as many successfully beat the deadline
✔️ Mover activity remains resilient with new buyer demand up by 5% versus last year and the number of new sellers coming to market up by 4%. However, some segments and sectors of the market are performing more strongly than others:
✔️ All Midlands and Northern regions are at new price records this month, while the South East & South West lag behind
✔️ The resilience of the British property market will be further tested by the impacts of President Trump’s tariffs on the UK economy over the coming weeks and months:
✔️ Potential boost to buyer affordability if Bank of England moves to reduce the Bank Rate more quickly starting in May
For the full HP Report from Rightmove, click here for a PDF download 📩
Wouldn't it be good to know the value of your home in today's market? Contact Lisa (lisa.dahl@cavendishproperty.co.uk) for an up-to-date valuation (or complete the form opposite ➡️).
📸 Lisa Dahl-Parsisson, Head Valuer and Asset Manager at Cavendish Residential 📸
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🌟 Instant online valuation (immediate response, 60-70% accurate)... Click here 🌟
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