Rightmove released their House Price Index this morning and we have good news all round!
Every single one of the Rightmove designated districts in the UK has seen an increase in prices since the Covid Lockdown in March.
We in the East of England have benefited from a 1.8% rise in prices with an annual change of 2.5% which puts us back on track for a good year.
The top performer is Yorkshire and Humberside with an annual change of 5.2% whereas the lowest performance was provided by the South East where prices annually have changed by 2.2% but they have risen by an impressive 2.4% since March.
Rightmove also state that this is the largest monthly increase since December 2016, year on year Buyer Enquiries are up by 75%.
The National Average asking price is July 2020 is now £320,265.00 an increase of some £7,600 since March.
With the Stamp Duty holiday still available until March 2021 we see no reason why the market cannot continue to push forward as many contributing factors point to a buoyant market place… with interest rates at a low level more lenders adjusting their lending criteria and now lockdown is lifting with Brexit almost finished, there are good opportunities for Buyers and Sellers Nationwide.
