{"id":966,"date":"2021-07-15T11:37:08","date_gmt":"2021-07-15T10:37:08","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=966"},"modified":"2021-07-15T11:37:08","modified_gmt":"2021-07-15T10:37:08","slug":"positive-signs-for-the-property-market-this-summer","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2021\/07\/15\/positive-signs-for-the-property-market-this-summer\/","title":{"rendered":"Positive signs for the property market this summer"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Buyer demand for UK property is showing no signs of abating as we head into the summer months, with one comparison site using conveyancing quote data to predict a house price spike of 2.9% in June and 3.7% in July, based on springtime sales agreed<sup>1<\/sup>.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>A 14-year high<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>House price growth continues to\nrocket as a result of the ongoing property boom, with the Office for National\nStatistics (ONS) revealing March 2021 prices were a staggering 10.2% up on the\nprevious year \u2013 a rate last seen pre-financial crisis in 2007.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>An extended Stamp Duty holiday in\nEngland and Northern Ireland, in addition to the new mortgage guarantee scheme\nand changing property priorities (for example gardens and home offices), are\nall behind this rocketing buyer demand.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>2021 \u2013 a record-breaking year?<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>2020 was a year of records, and 2021 looks set to achieve the same. In addition to record growth, this year could be set to be the busiest for many years, with 1.5 million homes predicted to change hands<sup>2<\/sup> \u2013 equating to \u00a3461bn of sales. If this prediction is accurate, sales are set to be 46% higher than last year and 68% higher than 2019! Again, this would make 2021 the busiest year for property since 2007 \u2013 and one of the top 10 busiest years since 1959.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Summer hotspots<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Yorkshire and the Humber, Wales and\nthe North West are currently seeing the fastest sales (10-15 days), making them\nthe top summer hotspots for property transactions. By contrast, London is\nseeing more sluggish movement, with a property taking two months to sell on\naverage.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Speak to us<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Mortgage choice is only getting\nwider as lenders return to the market, so if you have a summer of house hunting\nahead of you then speak to us. We can help you assess which of the many\nmortgage options \u2013 and protection products \u2013 may be the most suitable for you.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>reallymoving, 2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>2<\/sup>Zoopla, 2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>As a mortgage is secured\nagainst your home or property, it could be repossessed if you do not keep up\nmortgage repayments.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Buyer demand for UK property is showing no signs of abating as we head into the summer months, with one comparison site using conveyancing quote data to predict a house price spike of 2.9% in June and 3.7% in July, based on springtime sales agreed1. A 14-year high House price growth continues to rocket as [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":970,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/966"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=966"}],"version-history":[{"count":1,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/966\/revisions"}],"predecessor-version":[{"id":972,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/966\/revisions\/972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/970"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=966"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}