Selling Your Home in a Supply Shortage
- Now is a great time to sell your home as there is a huge shortage of properties available for sale, and house prices are higher than ever.
- Housing market demand is up 28.6% yet available properties to buy are down 20.8% (YTD vs 2020, Zoopla). This is putting upward pressure on house prices, with Nationwide reporting a 10.9% annual increase.
- 68% of homeowners surveyed at the end of April who were either moving home or considering a move, said this would have been the case even if the stamp duty holiday had not been extended (Nationwide).
- As the race for space continues, housing market demand is likely to be maintained, despite the stamp duty deadline in England and N.Ireland.
Source: Dataloft, Zoopla, Nationwide