Property Investors Weekly News: 28/02/202
Home buyers see asking prices soar by nearly £8,000
New figures from Rightmove show that the average asking price for a house in the UK now sits at a record level after it jumped by nearly £8,000 in February, as demand continues to boom post-Covid.
https://www.bbc.co.uk/news/business-60463196
Rightmove predicts property transactions return to ‘pre-pandemic levels’ this year
Rightmove had their busiest year to date in 2021 and are still seeing demand soar however, they have predicted things could change this year. On Friday Rightmove said that they expect UK real estate transactions to decline and return to pre-pandemic levels this year.
https://www.ft.com/content/a7f48822-66f5-4cad-b6ac-aa83a7d5b49a
Demand remains strong in rental market
Research by the National Residential Landlords Association shows that there was strong demand for private rented properties at the end of 2021.
https://www.nrla.org.uk/news/demand-remains-strong-in-rental-market
Have a great day and we look forward to working with you.
