Housepresso 28 Mar 21
All you need to know about the housing market this week in one quick hit
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UK House Price growth on holiday..?
Despite the Stamp Duty holiday, average UK house prices took a small step back in January, according to the latest data from the Land Registry falling by 0.5% or £1,139. We do not think this a cause for concern, rather a pause for breath, following the extension to the Stamp Duty holiday in March we expect to see house prices on the rise again soon
Meanwhile, London house prices hit new highs
House prices in London have hit new highs according to the latest data from the Land Registry, the average price of a house in London is now more than £501,000, it seems that the growth in working from home is not leading everyone to escape to the country...
Housing transactions going up
Whilst UK house prices paused for breath, housing transactions accelerated as homebuyers, estate agents and conveyancers regularly had three shredded wheat for breakfast to beat the Stamp Duty Holiday deadline.
Another strong week for UK housebuilders
Bellway reported a strong set of half-year results this week and Crest Nicholson a robust trading update. Both provided a confident and upbeat commentary on current trading conditions and both are expecting to see the current positive housing market trends continue.