Housing market set for summer revival as movers give up on Brexit ever happening

first_imgThe housing market is set to enjoy a ‘remarkable’ revival this summer as house prices bounce back after three years of Brexit-induced catatonia in many parts of the UK.Reallymoving.com says analysis of its customer data points to a 9% increase in house prices over the next three months, taking the average house price in the UK to just under £300,000 by the end of August.The company claims there is considerable pent up demand in the market following three years of uncertainty because many ‘doubt that Brexit will be resolved any time soon’.House pricesLaunching its inaugural House Price Forecast report, ReallyMoving.com says customers register with its service 12 weeks before their purchase completes, providing house price information ahead of the other indexes.“Despite a slow start, the spring market has shown a good deal of resilience, with prices agreed during the past few weeks forecast to deliver a surge in average values of 6% between May and June 2019, followed by a further 3% increase in August,” its report says.Rob Houghton, CEO of ReallyMoving (left), says: “Our forecasts suggest that sellers are growing tired of the ‘wait and see’ approach and once the Brexit deadline passed at the end of March, with no further clarification, sellers decided to press ahead with their move.“This new buyer demand and a continued shortage of quality housing stock is on course to drive strong price growth between May and August, with particular surges in regions benefiting from strong demand such as the North East and the South West, where affordability remains attractive and wages are rising.”Read more about house prices.house prices rob houghton reallymoving.com June 11, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Housing market set for summer revival as movers give up on Brexit ever happening previous nextHousing MarketHousing market set for summer revival as movers give up on Brexit ever happeningResearch among home movers by moving website claims house prices will increase by 9% between now and August this year.Nigel Lewis11th June 201902,442 Viewslast_img

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