House prices rocket to over £320,000 in record high after 'unexpected mini boom'

Despite perceived uncertainty Rightmove adds that 44 per cent of new listings that came up for sale in the first month after the housing market in England opened on May 13 have already been marked as "sale agreed".In addition, Rightmove says the number of properties coming to market is up by 11.1 per cent this month compared with a year ago, despite data for Scotland and Wales not contributing to the full period.

Scotland and Wales have different stamp duty systems but both devolved governments followed England and Northern Ireland's lead in temporarily cutting tax on properties worth up to £250,000 until March 31, 2021.

But Jeremy Leaf, north London estate agent and a former RICS residential chairman, doesn't expect price to continue to rise.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus: Housing 'mini boom' gathers pace after stamp duty cut - RightmoveThe five days after Mr Sunak's tax announcement saw a rise in the number of agreed sales accelerate, the website's figures show.
Source: SkyNews - 🏆 35. / 67 Read more »

Britain's housing market sees post-lockdown mini-boomWith homes now back on the market, estate agents say inquiries are ‘through the roof’ D I V O R C E Its not a mini boom. Its more wealthy foreigners buying bargains right now, destabilising UK housing market even further Enjoy it while it lasts. Soon, the boom will turn to bomb.
Source: The Guardian - 🏆 84. / 53 Read more »