Blog Post

Stepping into spring

TomS - Head Tom Simper Apr 12, 2021, 11:15 AM
218_Dataloft_Step_into_spring-01

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 and the rush to beat the SDLT 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. Source: Dataloft, Nationwide, HMRC, Bank of England, Zoopla

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"My experience with Peter Anthony has been great especially thanks to Greg who was major help. I needed to rent a place asap and Greg made that happen."

- Nadia

"Nothing is too much trouble . Very very professional"

- Kevin

"We had a great experience with the Peter Anthony Estate Agent!"

- Tunde

"Professionalism, Responsiveness"

- Jade

"Dewi worked promptly and professionally to rent two flats."

- Jerry

"Excellent service from Peter Anthony"

- Harry

"I would highly recommend Peter Anthony to anyone looking to purchase a property."

- William

"Couldn’t recommend higher!"

- Laura