Date Published 07 June 2021
House prices soar to new record high as market sees strongest growth in seven years
House prices reached another record high in May, with the average property adding more than £3,000 (+1.3%) to its value in the last month alone.
A year on from the first easing of national lockdown restrictions, and the gradual reopening of the housing market, annual growth surged to 9.5%, meaning the average UK home has increased in value by more than £22,000 over the past 12 months.
If you're looking to buy, you're likely to find it's most competitive right now for homes with three bedrooms or more.
The Lettings market is equally competitive. We are seeing properties secured within hours of going to market and have waiting lists of good quality tenants ready to move.
Demand is out stripping supply so we are keen to hear from anyone thinking of renting or selling their home.
If you have questions about your property, even if you're not a client of ours, get in touch, as we'd love to help you.
