HOUSE PRICES BOUNCE BACK

Tue 11 Aug 2020

House prices bounced back in July, climbing 1.7% according to the Nationwide.

Charter Whyman believe that the rebound in prices is down to a number of factors, including pent-up demand from buyers during lockdown as well as the temporary holiday on stamp duty on the first £500,000 of property sales, until 31 March 2021.

From a local point of view, our office has seen a rapid recovery in the housing market since the easing of lockdown restrictions and since the re-opening of our office, we have registered record numbers of  buyers looking to move to Letchworth Garden City and the surrounding areas.

Having spoken to a number of the buyers, it is clear that they are looking to move for lifestyle reasons, following on from their experience during lockdown and the fact that many of them are now working from home. 

If you are considering a move, the good news is that Charter Whyman and Nationwide both believe that the upward trends look set to continue...