House prices rise in April; Brexit delay expected to boost sales - Rightmove

Cornelia Mascio
Апреля 17, 2019

British property asking prices have seen the biggest monthly rise for over a year, said Rightmove, a British top online real estate website, on Monday.

Three and four-bedroom properties are outperforming other sectors in the market, with average 0.7% year-on-year price increases for family homes compared to a fall of 0.1% nationally for all properties.

This sector is also more likely to sell, with the number of sales agreed down by just 0.4% compared to this time past year, while the national average drop is 1.6%.

The 1.1 percent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 percent, property website Rightmove said. The average asking price is now £305,449 - which is still 0.1 per cent lower than a year ago despite the bounce this month.

Speaking of the Brexit extension until October, usually the busiest property moving season, Rightmove said, "it is only a postponement, it lasts for long enough to relieve some of the short-term uncertainty, and so it arrives at an opportune time for the housing market".

He said the Brexit extension could give hesitating home movers encouragement "that there is now a window of relative certainty in uncertain times". "We are not anticipating an activity surge, but maybe a wave of relief that releases some pent-up demand".

Bruce King, Director of Cheffins estate agents in Cambridge says: "Whilst the 2018 market definitely was not all doom and gloom, 2019 has certainly seen a new vigour".

An estate agent board is displayed outside a property in London, Britain July 7, 2017.

They said both sellers and buyers have become fed up with putting their lives on hold as the political uncertainty goes on and are choosing to get on with moving.

Rightmove director Miles Shipside said last week's delay of Britain's exit from the European Union could spur hesitant home movers into action.

I think it's fair to say that the family sector has always been one of, if not the strongest pillar of the United Kingdom housing market.

"As it stands, the market remains in rather good health considering and as the average home buyer and seller grows tired of yet more delays around Brexit, we should see momentum build spurred by the seasonal market uplift that comes with this time of year".

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