Over 950,000 sales are estimated to have taken place across the UK in the first 7 months of 2021, making it the UK's busiest housing market since 2007. Sales volumes in 2021 are over 30% higher than in any year since 2007, with the exception of 2016. 1st April 2016 saw the introduction of the 3% surcharge on second homes.
At 73,740 the number of sales agreed in July was the lowest monthly total in a year. Sales fell 63% in June due to the significant forestalling of activity prior to the Stamp Duty Holiday deadline. Zoopla estimate the number of sales agreed in August is up 21% on 2018/2019 with predictions that sales volumes will top 1.5 million by the end of the year.
Demand continues to outstrip supply
As autumn approaches, there is a shortage of property for sale in Sittingbourne along with the rest of the UK. This shortage has created a ‘seller’s market’ and it is an excellent time to find out the value of your property. Why not try out our instant online valuation tool for an estimation of how much your home is worth in Kent? Alternatively, get in touch to arrange a free, no obligation market appraisal appointment at your home.
Source: Dataloft, HMRC
20 March 2022
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