Rightmove have issued a press release this morning. The article gives a national picture of house prices and activity over the past few weeks. It looks like the market is taking a positive turn with the biggest ever monthly leap in asking prices at this time of year.

According to property website-operator Rightmove, the increased optimism has also released pent-up demand with over 1.3 million buyer enquiries recorded since the election, up 15% compared to same period a year ago.

  • 2.3% (+£6,785) surge in the price of property coming to market, the largest monthly rise we have ever recorded at this time of year
  • Increased optimism also releasing pent-up demand as would-be buyers judge the election result gives a window of stability
  • Over 1.3 million buyer enquiries since election, up 15% compared to same period a year ago, suggesting an active spring market ahead
  • 7.4% growth in number of sales agreed, as early birds act quickly

To read the full House Price Index, click the link below.

https://www.rightmove.co.uk/news/house-price-index/

If your considering a move, now would appear to be a good time to gain an understanding of what your home or investment could be worth. Contact your local Hair & Son office to arrange a free no-obligation market appraisal.