Prices hit record high for fifth consecutive month
Recent data released by a popular property portal shows the average price of a property coming to the market has hit a new high of £368,614.
Expert predictions suggest that as growth continues, the UK is on track to see prices rise by 5% in 2022 alone. Regardless of the rising prices, demand for properties remains ‘very strong’. In fact, demand is now 113% higher than the pre-pandemic five-year average. *
Looking to move this year?
With the average conveyancing time currently standing at 150 days, those who are looking to move this year will need to take the first steps in the coming weeks. Sellers who are looking to be in a new home for Christmas will need to consider their marketing options and launch their properties onto the market very soon, to ensure they have the best possible chance of finding a buyer for their property.*
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*Rightmove
This article was originally published by BriefYourMarket and is reproduced here with their permission.
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