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Property chains can be very long, and any event far down the chain that could potentially delay the sale of a property can have far-reaching ramifications.
According to Rightmove’s House Price Index, the overall average asking price reached £344,445, another all-time high and the highest October rise since 2015.
More homes were sold in the first half of 2021 than in any year since 2007, equating to 1.5 million completed house sales across the country.
The BBC has recently reported that Yorkshire is the epicentre of the pandemic’s house price boom.
UK house prices have increased by 117 per cent in the last 40 years.
Right now, the housing market is very much in the control of the sellers and has been for over a year at this point.
The UK housing market has responded sharply to the end of the stamp duty holiday, with house sales down by more than half, according to a new report from HMRC.
House prices in the UK have fallen for the first time this year, according to property portal Rightmove, which said that the average price of a property coming to market fell by 0.3 per cent in August, and is now £337,371, a drop of £1,076.
Now could well be the perfect time to put your East Yorkshire house on the market if you have been thinking about it of late, as new Land Registry figures have revealed that property prices in the region have seen 12.5 per cent growth year on year.