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Okay we're going to say it... Market has gone MAD! Average UK property price hits all-time high... £261,743!!! 🚀 Download Halifax's latest report below đŸ“©

Nothing like loads of stats to finish off the week... Enjoy â˜ș:

✅ Annual house price inflation now at its STRONGEST LEVEL in nearly seven years 📊
✅ Average UK property price of £261,743 a NEW RECORD high đŸ„‡
✅ Average property adding more than £3,000 (+1.3%) to its value in the last month alone... Yes, that's £3k in ONE MONTH! đŸ˜Č
✅ Average home has increased in value by more than £22,000 over the past 12 months (+9.5%)! đŸ’„
✅ Massive turnaround, 12 months ago demand collapsed (during 1st lockdown) 🔒

🙋‍♀ Why is the market so busy right now? đŸ€”

➡ Extended SDLT holiday* 🌮
➡ ‘Race-for-Space’ and lifestyle changes/relocation plans 🏎 
➡ Shortage of supply 🏡
➡ Low borrowing rates*** and the 95% Mortgage Guarantee Scheme (MGS)** 💰
➡ Swift vaccine roll-out which is releasing SO MUCH pent-up demand 💉

❌ Outlook for market is far more uncertain ⚠
❌ If unemployment rises, there is scope for activity to slow sharply 🛑

🔍 Download full HPI report from Halifax here: https://www.halifax.co.uk/assets/pdf/may-2021-house-price-index.pdf 
🔍 *SDLT holiday - ALL YOU NEED TO KNOW here: https://lnkd.in/e3A9K2v
🔍 **MGS details here: https://lnkd.in/ddQfqzT
🔍 ***Mortgage calculator here: https://lnkd.in/duhThWD
 
🙋‍♀ đ—›đ—Œđ˜„ đ—șđ˜‚đ—°đ—” đ˜„đ—Œđ˜‚đ—čđ—± 𝗼 𝗯𝘂𝘆đ—Č𝗿 đ—œđ—źđ˜† đ—łđ—Œđ—ż đ˜†đ—Œđ˜‚đ—ż đ—”đ—Œđ˜‚đ˜€đ—Č đ—¶đ—» đ˜đ—Œđ—±đ—źđ˜†'𝘀 đ—ș𝗼𝗿𝗾đ—Č𝘁❓

Get in touch with our EXPERT TEAM and we'll let you know đŸŠč‍â™€ïžđŸŠž‍♀

☎📧🗹

#cavendishexperts #sdltholiday #sdltcalculator #propertynews #estateagents #houseexpert #housingmarket2021 Rishi Sunak #houseprices #houseexpert #houseforsale #housingmarket #property #mortgage #homeowners #mortgages #realestate Halifax

www.cavendishproperty.co.uk/articles Cavendish Residential offer Estate Agency and Lettings in Nottingham

Posted 11 June 2021
by Ali Baylav Managing Director Cavendish Residential

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