NH4U Articles

Average price of UK home jumps to record high in March

Posted in: Latest News

The prices of property have been increasing in recent months and the average price of UK homes jumped to a record high of £254,606 in March 2021. This was an increase of 1.1% and is said to be down to the increased interest from buyers thanks to recent government measures. Sales were said to be at a 16-year high which is incredible! The housing market has had a resurgence and it is great to see.

These figures are based on mortgages that have been approved by lenders, not completed sales which shows just how busy the property market is with potential buyers.

So many people are keen to buy their properties before the Stamp duty holiday ends and there are many other deals or schemes that they may be looking to take advantage of.

This means there has never been a better time to sell your existing home than right now and we are here to help you should you choose to pursue that option. With more buyers looking for their perfect property and government measures put in place to support the housing market, it is little wonder so many people are putting their homes up for sale.

Call us on 01352 837 837 or message us here at any time!

Why You Should Consider Selling

If selling your home has been in the back of your mind for a little while now, what’s stopping you? If price is a big factor, then taking advantage of this boom might be beneficial for you. So many people are looking for the perfect home to set down roots and they will never choose yours if you don’t actually have it on the market.

If you do decide to sell, we even have some top tips on how to make your home more valuable. After all, everyone wants to get the best possible price that they can for their property. Kerb appeal is a must and you need a good estate agent who knows exactly how to help you. 

We also have some great tips on how to sell your home easily – letting you know just how simple we make it here for you at NewHome4U.

What Has Caused This Increase?

As mentioned above, this increase in the average property price can definitely partly be attributed to the various schemes and holidays the government implemented back in early March. Not only was the stamp duty holiday extended past its originally intended end date of late March but a guarantee scheme to bring back 95% mortgages was also put into place. These have been key in getting more buyers onto the market, looking for the right home for them.

How We Can Help You

Here at NewHome4U, we have been busier than ever. We have had first-time buyers looking to buy their first property and some are keen to take advantage of the new 95% mortgages in place. We have also had many people enquiring about selling their property and the vast majority of those people have ended up putting their home on the market.

Our phones have been ringing off the hook and people have been getting in contact online too. However, we wouldn’t want it any other way. We are dedicated to offering great customer service to all clients – it doesn’t matter if you are buying or selling, a new customer or an old customer - we love to see you, and love to help in finding the dream NewHome4U.

We will work with you to figure out exactly what you want and what you need. We will help you, as a seller, to get a fair price for your property, and sell quicker than any other local estate agent - the proof is in our awards!

We also have in-house mortgage brokers, thanks to the fabulous team at Love Mortgages. These wonderful people will help potential buyers for your property get the mortgage they require so that the sale can go through as quickly and as smoothly as possible.

What Does This Mean for Buyers?

If you are a buyer, there is no need to worry! Whilst the increase in the average price may be a little daunting, this doesn’t mean that people should be avoiding buying property. The fact is that the market is full of buyers at the moment due to the various government measures implemented – they want to take advantage of the stamp duty holidays, special mortgage deals and more whilst they can.

This means there is increased demand for property which will see the average price of UK homes rising just like it has done. However with the Stamp Duty holiday, help for first-time buyers and so much more in place, buyers can still get a great deal as well as sellers.

It Is Still A Great Time for Buyers Too

Despite average house prices reaching a record high, it is still a great time for buying a house too. There are many bargains to be had and many investment opportunities. First-time buyers can also take advantage of some of the deals out there, designed to get people on the property ladder. Don’t be put off by the rise in average price as there are still plenty of properties out there that are selling for bargain prices and would be an absolute steal.

If you are looking to buy a house, we would be happy to help you find the perfect home for you and our in-house mortgage brokers will help you find the perfect mortgage deal for you too.

Get in Touch!

If the increase in average property price is welcome news and getting your home on the market is something you would like to discuss, please don’t hesitate to get in contact with us. There really is not a better time to sell and we hope you will consider us when looking for an estate agent – there’s a reason we are considered Mold’s friendliest estate agent.

Contact us here or give us a call on 01352 837 837. We can’t wait to help you with whatever it is you require and our brilliant team will help you to achieve the sale you need.