The resurge in the property market saw a large price rise in August as it hit a 4 year high.
House prices rise as buyers want gardens: This is because buyers are now looking for properties with gardens after being in lockdown for so long, according to a survey.
The last time we saw house prices this high was back in February 2016. Property prices rose right across the country. Apart from London, which has remained level for the last 2 months.
The survey has seen other signs that a boom is on it’s way, helped by the fact that the Government have given buyers an emergency tax cut.
The Royal Institution of Chartered Surveyors (RICS) said they expect to see a much higher demand as house prices rise as buyers want gardens. With outside space and a lull in urban areas and tower blocks setting a trend. Andrew Bailey, the Bank of England Governor, said last week that it is too soon to say if the housing market boom was here to stay. Or if it was just a release of pent up demand following lockdown. Helped by the temporary cut in property taxes.
Share on your Social Networks