step into spring 2021 annual house price growth graph mortgages property transactions Step into spring

As the arctic Easter begins to thaw and lockdown loosens, there is also positive news in the property market from your Sittingbourne Estate Agent, Quealy & Co.

The average UK house price currently stands at £232,134, which is 6% higher than in March 2020. Property transactions are 49% higher than the same time last year, reflecting a surge in sales agreed in the summer/autumn of 2020 and the mad rush to beat the original Stamp Duty holiday.

Demand spiked after the early March announcement of a Stamp Duty holiday extension in England, Wales and Northern Ireland. With demand for property up 13% and flow of new supply down 13%, we expect house prices to climb further in the coming months.

We are likely to see an increase in property for sale in the Sittingbourne area, as sellers become more comfortable with viewings and moving home as the roadmap out of lockdown continues.

Quealy & Co Estate Agents in Sittingbourne are witnessing buyers registering to find property much faster than the rate in which homes are being listed for sale in North Kent. This is particularly true of houses, rather than apartments, as people crave their own outside space and access to local green space after a year of stop-start lockdowns.  

Ideal time to sell your Kent home

For homeowners considering selling their property in the next 12 months, now is certainly the time to act to ensure you can take advantage of favourable property market conditions. Vendors who have had their properties accurately valued and have been realistic on pricing should expect attractive offers and a prompt exchange with Quealy & Co.

Book your free, no obligation property valuation by calling 01795 429836 or fill in your details on our property valuation tool and we will get back to you to book a convenient appointment.

Source: Dataloft, Nationwide, HMRC, Bank of England, Zoopla


Ready to start working with an award winning estate agent?

Chat With Us