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🗝 Key findings from Rightmove's latest HPI Report 🔍:

✅ Asking prices traditionally see a rise in January, The average price of property coming to market rises by 0.3% this month (+£852), to £341,019 📊
✅ National average asking prices are now 7.6% higher than this time last year, an annual rate of growth not seen by Rightmove since the 8.3% recorded back in May 2016 ☝
✅ The East Midlands is up 10.4% on last year! 🚀
✅ The jump in average asking prices is driven by homes in the ”Top of the Ladder” and “First-time Buyer” sectors, with First-time Buyer type homes hitting a new record average asking price of £214,176 🏆  
✅ WE NEED MORE STOCK!! The number of homes available for sale per estate agency branch has hit another record low of 12 properties, down by two from last month đŸ”»
✅ The few homes that are on the market continue to be snapped up at speed by determined buyers, with the average time to find a buyer in December 2021 being more than two weeks quicker than in the same period the previous year đŸ€
✅ Buyer competition remains strong with 15% more enquiries than at the same time last year 📞
✅ Overall buyer interest is almost double start of 2021 (which itself was an active market) 📞📞
✅ As a result, more than 70% of the properties online have already been sold, leaving less than 30% still available to buy đŸ€·‍♀
✅ Early signs of of more property choice coming to market soon as first working week was the busiest ever opening to a year for home valuation requests (up 44% compared to same period last year) 📾
✅ And... first working day (4th January) saw fifth-highest number of valuation requests in a single day that Rightmove has ever recorded ⚡

đŸ“© DOWNLOAD FULL REPORT HERE: https://www.rightmove.co.uk/news/content/uploads/2022/01/Rightmove-House-Price-Index-17th-January-FINAL.pdf đŸ“©

TOP TIPS on how to be a POWER BUYER and beat the competition!! đŸ’Ș

1ïžâƒŁ Factor to bid above asking price 📊
2ïžâƒŁ If you need to sell, make sure you have an offer accepted BEFORE searching your new home đŸ€
3ïžâƒŁ Or better still, be in a position where you don't have to sell to buy 😊
4ïžâƒŁ Have proof of your mortgage offer from DAY ONE 📜
5ïžâƒŁ Still stuck? CONTACT US for the best advice!

đŸ™‹â™€ïž 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 i touch with our CAVENDISH EXPERTS đŸŠč🩾 and we'll let you know 👍


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Cavendish Residential Lettings Agency and Estate Agency in Nottingham

Posted 01 February 2022
by Ali Baylav Managing Director Cavendish Residential

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