The nation has never been more committed to finding the right home

Nick Leeming, Chairman of Jackson-Stops, comments on the ONS UK House Price Index for September, showing the nation has never been more committed to finding the right home.

“Today’s figures continue to show a market still very much defined by the unbalanced relationship between low stock and high demand amongst buyers across the country. However prices also indicate a nation still very much enamoured with buying and owning a home, with the average house price hitting a record high this September. The effects of the stamp duty holiday are of course still present in today’s data; we will see a true picture of the market in the first quarter of 2022.

“The nation has never been more committed to finding the right home, and factors beyond a financial saving are in play. Today’s numbers show that buyers are acting with intent, with those looking at a purchase following their own sale harnessing greater buying power. As buyers reassess how their home contributes to their changing lifestyle aspirations, we’re continuing to see high demand across our branches, with a number of buyers chasing each home for sale. A busy market will favour those buyers armed with deep pockets or at the very least a mortgage in principle agreed.

“Finally, as vendors and buyers alike have time to reflect over the Christmas period on their aspirations for the coming year, we will likely see the usual uptick in activity in January 2022. As such, listing now puts vendors in the best possible position to secure a sale whilst stock is still low across the country.”

Kindly shared by Jackson-Stops

Main photo courtesy of Pixabay