Property Investors Weekly News: 17/01/2021
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:
House price growth at fastest pace since 2016: Rightmove
According to Rightmove, the average price of a property coming to the market has risen yet again. The average price has seen a 0.3% increase adding £852 to the value of a home – this is 7.6% higher than in January 2021. This increase is the highest annual rate of price growth recorded since May 2016.
January remains one of the best months for sellers
2021 saw properties being sold at the fastest pace on record. By December, properties were shifting in just 43 days.
According to research from estateagent4me, they have highlighted the time that it takes to sell a property. Properties on the market in January are some of the easiest to shift.
Government moves against unvaccinated people seeking to move home
The government has announced new guidelines for unvaccinated people who are either renting or buying a new home.
The new rules state if you’re not fully jabbed you must stay at home and self-isolate for 7 days should someone you live with test positive.
You must also isolate even if it’s on the same day you’re meant to move house.
Have a great day and we look forward to working with you.