Property Investors Weekly News: 04/05/2021
This week we’ve pulled together some of the hottest news stories around property investment for your reading pleasure! So strap in, turn off the tv and get ready for some updates:
Nationwide: House prices see the biggest monthly rise in 17 years
Britain’s property boom is showing no signs of slowing down as new figures showed April saw the highest monthly rise in average UK prices in 17 years.
According to the latest Nationwide house price index annual house price growth rebounded to 7.1% in April, from 5.7% in March.
The average price in April stood at £238,831. This was up by 2.1% compared to March and up £15,916 over the past 12 months.
Frenzied market: One in every 50 UK homes sold so far this year
New figures from Zoopla’s monthly House Price Index shows that one in every 50 homes listed for sale between 1 January and 15 April was sold. This is up from one in every 100 homes during the same period last year.
So far in the first 15 weeks of 2021, £149 billion worth of homes have been sold. This level of sales is not normally achieved until the end of June.
Property searches in Cornwall increase by 140% in two years
Analysis by Right Move has revealed that 15 million people have looked for properties in Cornwall since the start of the year.
Hope you are having a great day and looking forward to working with you soon!