Facebook Pixel

๐Ÿ—ž Latest average UK property prices rose again in July to £261,221... Though slower annual growth points to a cooling market โ„ DOWNLOAD FULL REPORT HERE

Highlights from Halifax's latest report: ๐Ÿ‘€

โœ… Average UK property price = £261,221 (+£863 from last month) ๐Ÿก
โœ… That's a monthly shift of +0.4% ๐Ÿ“ˆ
โœ… Average SDLT around £500, will rise to £3,000 when things return to normal from the start of October ๐Ÿ’ฐ
โœ… Annual house price inflation at 7.6% (compared to 8.8% in June) ๐Ÿ“Š
โœ… HMRC monthly property transactions increased to the highest ever level ๐Ÿฅ‡
โœ… UK seasonally adjusted residential transactions in June 2021 were 198,240 – up by 74.1% from May โšก
โœ… Compared to same time last year, that's an increase of 219.1% (down to first lockdown) ๐Ÿ”’
โœ… Number of mortgages approved fell by 6% to 81,338 (data from Bank of England) ๐Ÿ’ต
โœ… Yet it's 98% HIGHER than June 2020!! ๐Ÿ˜ฒ
โœ… *New buyer enquiries up 4 months in a row +14% ๐Ÿ‘ซ
โœ… *Newly agreed sales also remained positive with a net balance of +8% ๐Ÿค
โœ… *New instructions fell to -34% ๐Ÿ†•
โœ… *Signaling a clear excess of demand over supply ๐Ÿก
โœ… *Data from the RICS' Monthly Report


๐Ÿ™‹‍โ™€๏ธ Why is the market so busy at the moment? ๐Ÿค”

โžก Continuation of SDLT holiday* until 30th September๐ŸŒด
โžก ‘Race-for-Space’ and lifestyle changes/relocation plans ๐ŸŽ 
โžก Shortage of supply ๐Ÿก
โžก Low borrowing rates*** and the 95% Mortgage Guarantee Scheme (MGS)** ๐Ÿ’ฐ
โžก Swift vaccine roll-out which is releasing SO MUCH pent-up demand ๐Ÿ’‰

โŒ Outlook for market is far more uncertain โš 
โŒ If unemployment rises, there is scope for activity to slow sharply ๐Ÿ›‘

๐Ÿ” *SDLT holiday - ALL YOU NEED TO KNOW here: https://lnkd.in/dCbZdcS
๐Ÿ” **MGS details here: https://lnkd.in/ddQfqzT
๐Ÿ” ***Mortgage calculator here: https://lnkd.in/duhThWD
๐Ÿ™‹‍โ™€๏ธ ๐—›๐—ผ๐˜„ ๐—บ๐˜‚๐—ฐ๐—ต ๐˜„๐—ผ๐˜‚๐—น๐—ฑ ๐—ฎ ๐—ฏ๐˜‚๐˜†๐—ฒ๐—ฟ ๐—ฝ๐—ฎ๐˜† ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ต๐—ผ๐˜‚๐˜€๐—ฒ ๐—ถ๐—ป ๐˜๐—ผ๐—ฑ๐—ฎ๐˜†'๐˜€ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜โ“

Get in touch with our EXPERT TEAM and we'll let you know ๐Ÿฆน‍โ™€๏ธ๐Ÿฆธ‍โ™€๏ธ


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

Property to rent in Nottingham - BEST LETTING AGENCY in Nottingham 

Posted 09 August 2021
by Ali Baylav Managing Director Cavendish Residential

Want more daily property news? Follow us on LinkedIn.

Search your perfect place to Rent
Search your perfect place to Buy
Looking to sell?
Looking to invest?