House price growth springs back in Apirl 2021 and due to continue.
Today Nationwide released its house price index for April 2021 showing that the annual house price growth has risen 7.1% due to significant demand and estate agents current lack of stock.
The HMRC has also reported that 180,690 purchases were concluded across the UK in March 2021 leading us towards one the highest monthly property transaction rates in over a decade. The question is, will this continue?
Well… considering the SDLT (stamp Duty holiday) was extended until September it is said that we will continue to see high transactions levels as more properties come to market over the course of the year.
With UK residence rethinking their priorities and remote working set to grow within the next few years, it is likely that the housing market will not die down to pre-covid figures for quite some time.
HMRC Report – https://bit.ly/3ubKlAK
Nationwide Report – https://bit.ly/3xErnog