Housing market sees ‘second wave’ of activity as sales jump 15%: Rightmove

18 October 2021

The price of property coming to market has jumped by 1.8% (£5,983) this month, the biggest rise at this time of year since October 2015, according to the latest Rightmove data.

Rightmove says the housing market has delivered a ‘full house’ for first time since March 2007, with price records in all regions of Great Britain and in all property market sectors (first-time buyer, second stepper and top of the ladder).

Its data shows that strong housing market fundamentals and a window of opportunity to buy before a potential rate rise are keeping activity robust, despite the end of the final stamp duty incentive.

The number of sales being agreed was up 15.2% in September, versus 2019’s ‘normal market’ comparison.

Additionally, Rightmove says the number of new properties coming to market has increased compared to the summer, but is still not enough to satisfy strong autumn demand from buyers.

Read more here: https://www.financialreporter.co.uk/finance-news/housing-market-sees-second-wave-of-activity-as-sales-jump-15-rightmove.html

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