Despite the usual traditional summer holiday lull, fierce
competition continues among buyers for a record low number of available
properties for sale, with many who put off buying during the height of the
stamp duty holiday now making their move. The latest data from Rightmove shows
that the national average asking prices of newly marketed properties have risen
by £1,091 this month to hit a new all-time high of £338,462, with buyer demand
per property for sale more than double that of pre-pandemic levels. However,
there are early signs of more properties coming to market, which may help to
slowly rebuild buyer choice. Read more on the Property Reporter website.
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