It’s the best time to sell as records tumble with Rightmove reporting busiest ever half-year!
The busiest first half of a year ever recorded by Rightmove has led to a raft of new records for the housing market.
The portal says the average asking price of property coming to market has now hit a new record high for the fourth consecutive month. It is now £21,389 higher – equivalent to 6.7 per cent – in just six months. The new all-time high of £338,447 follows a monthly rise of 0.7 per cent – that’s the largest monthly rise at this time of year since July 2007.
Tim Bannister, Rightmove’s property data director, says: “We predict that the number of completed sales will be the highest ever seen in a single month when June’s data is released by HMRC later this week.
“This means it’s likely that the first half of 2021 has seen a record number of moves when compared with the first six months of any other year, induced by the pandemic’s side-effect of a new focus on what one’s home needs to provide.”
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