According to Rightmove’s House Price Index, the average house price in the UK has increased to another new record high of £371,158, although this increase is slightly lower than the five-year average.
A report from the Royal Institution Of Chartered Surveyors has predicted that a combination of factors could lead to the end of a 13-year boom period for the housing market.
The government’s recent decision to reduce stamp duty land tax (SDLT) will mean there will be an extra 200,000 homebuyers exempt from the levy.
Homeowners who want to sell their property for as much as possible should try to attract considerable interest in their house by improving its curb appeal.
Once many buyers have made an offer on the home of their dreams, they then have to navigate a buying process that when the market is as busy as it has been can make sales take months to complete.
House prices have dropped for the fourth consecutive month, but estate agents in Loughborough still see plenty of buyers wanting a home in the nearby area.
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Halifax has reported the first decline in house prices since June 2021, despite quarterly and annual increases of 3.3 per cent and 11.8 per cent respectively.
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