Rightmove has reported a welcome bounce in the property market since December’s election.
Their data shows a surge in new property listing prices of 2.3% which is the largest monthly rise they have ever seen at this time of year.
Commenting on this renewed level of optimism, Rightmove’s property expert Miles Shipside said: “These statistics seem to indicate that many buyers and sellers feel that the election result gives a window of stability.
“The housing market dislikes uncertainty, and the unsettled political outlook over the last three and a half years since the EU referendum caused some potential home-movers to hesitate. There now seems to be a release of this pent-up demand, which suggests we are in store for an active spring market.”
In the four week period immediately after the December election, Rightmove also reported an increase of 12% in the number of enquiries sent to estate agents. This resulted in an increase of 7.1% in the number of sales compared to a year earlier.
It’s fantastic to see confidence return to the market, so if you’re thinking about buying or selling contact Waterside Property today. We are Dunoon’s number one agent.