The price of UK houses is at an average high so if you need to buy now you could end up paying more. It can be harder to get a loan as well since they’ll need to be bigger. This is definitely a seller’s market right now. Sellers will benefit from these increased rates much more than buyers will. This gives good advice on getting help if you do need a house right now in the UK.
Key Takeaways:
- Asking costs in the first-run through purchaser market are up by 6.5 for every penny year-on-year, with the common sticker price on a first-time property.
- Miles Shipside, executive of Rightmove, said there are indications of a “solid spring market”, which ought to balance any nerves in the market in front of the general decision on June 8.
- Despite the fact that house costs are at record highs, Rightmove said that the pace of development has moderated, and is currently at its most reduced for a long time, since April 2013.
“The average asking price has now overtaken the previous peak of £310,471, reached just before the Brexit vote in June 2016.”