Twindig Housing Market Index (HMI) - 27 Mar 21
Twindig Housing Market Index rose by 0.3% to 89.3 this week.
This week saw bullish housing market commentary from housebuilders Bellway and Crest Nicholson, both very much on the front foot with expectations to remain there. Demand for new housing is strong and appears to be getting stronger as the Spring selling season gets underway and the vaccines are rolled out.
Housing transaction data for February almost broke the charts as the rush to beat the March Stamp Duty deadline had focused the minds of buyers and sellers and their agents and conveyancers. The extension of the Stamp Duty Holiday is likely, in our view, to see this momentum remain as existing buyers seeks to complete and new buyers are enticed in by the Stamp Duty Holiday extension.
House prices at the national level paused for breath in January as the stamp duty deadline loomed, but house prices hit new highs in London suggesting that whilst working from home is proving popular, not everyone is seeking to escape to the country.