The UK saw a 1.6% increase in property prices during April
Data released by a well-known property portal shows that the average property price rose by £5,537 in April alone.
Compared to figures recorded three months ago, the typical UK property is now worth a whopping £19,082 more, pushing the average house price up to £360,101. *
The current scarcity of properties continues to be the main driving force behind the steep increase in property prices.
What does this mean for you as a seller?
Despite more properties coming to the market, the demand for homes still outweighs supply. At present, sellers are successfully finding buyers twice as quickly as at the same time in 2019, and once a buyer has been found, homeowners are achieving top prices for their property.
In fact, statistics show that you could achieve up to 1.6% more for your home than one month ago.
If you do not yet have an up-to-date valuation, now is the time to get yours! Request your professional property valuation here.
*Rightmove
This article was originally published by BriefYourMarket and is reproduced here with their permission.
For more company news and insights from Pygott & Crone, click here
Part of a network of agents
We work with other trusted estate agents across the nation
Latest news
Your guide to investing in multiple-occupancy homes
Investing in multiple-occupancy homes (HMOs) can be a great way of increasing yields, making them very attractive investment opportunities for landlords.
Landlords! When was the last time you booked a rental valuation?
Rental demand still outstrips supply in the UK, and your property is unique, which is why it’s important to understand its true rental value.
Have you double-checked your tenancy agreement?
When you have found the perfect rental property for you, it can be very tempting to sign on that dotted line in a hurry.
Does 2024 hold a better future for landlords and tenants?
The rental market in the UK is going from strength to strength.
