Step into Spring with a 49% annual increase in property transactions

There is no time like the present if you are thinking about selling your home.

As we enter Spring, the average UK house price is £232,134, up 6% on March 2020.

Transactions are 49% higher than last year, reflecting a surge in sales agreed in Summer 2020 and the rush to beat the Stamp Duty holiday.

House price growth in March slowed (-0.2%), indicating a softening of demand ahead of the original SDLT holiday deadline.

Monthly mortgage approvals also slowed in February (-11%).

Demand spiked after the announcement of a SDLT holiday extension in England, Wales and Northern Ireland. With demand up 13% and flow of new supply down -13%, we expect upward pressure on house prices.

We are likely to see an increase in new listings, as sellers become more comfortable with viewings, as restrictions ease.

If you would like to stay updated on all new properties coming on the market before they hit the property portals register with us today. Make sure you like, follow and subscribe to Butler Residential on our social media pages for sneak peeks.

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Let's have a chat about your property and its current value. Book a time in with Barry to pop round and discuss your ideas and aims. https://butlerresidential.co.uk/value-my-property

Alternatively click the 'See what the market is like for your home' button on our website to see what's going on in your area.