Despite the Stamp Duty Holiday ending, recent reports indicate that all regions of Britain have seen major increases in property values.
The latest research shows that property prices have risen by £5,983 this month alone, which is 1.8% more than the month prior.
This is the highest monthly increase for October since 2015.
The number of sales approved in September was up by 15.2%, when compared to the same period in 2019. This is due to a supply and demand imbalance caused by an increase in motivated homeowners looking to move post-pandemic.
The ongoing imbalance grants opportunity for sellers looking to move this season, who will be able to take advantage of the increased prices and quick selling times.
Are you looking to discover if your home has increased in value due to the drive in demand? Find out with a free valuation here.
*Property Reporter
