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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‘€ DOWNLOAD FULL REPORT HERE

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

โ˜Ž๐Ÿ“ง๐Ÿ—จ

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Property to rent in Nottingham - BEST LETTING AGENCY in Nottingham 

Posted 09 August 2021
by Ali Baylav Managing Director Cavendish Residential

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