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Number of Sales Surge in ‘Spring Selling Season’

Story posted: 27.04.17

Rightmove have said, “asking prices across the country were up 1.1% in April, below the 1.6% average, but the number of agreed sales at this time of year was the highest since 2007. The annual growth was 2.2% - the lowest level in four years.”

However, the number of sales are up, in fact, 10% higher than April last year. This is “artificially higher due to the surge of landlords purchasing buy-to-let properties before the stamp duty hike of last April, which resulted in a slump for the rest of the month.”

The average price of a home in the UK has also reached a new high standing at £313,655, surpassing the record set in June 2016.

Miles Shipside, Director of Rightmove said, “It remains to be seen what effect the run-up to the snap election will have, though any slowdown in activity will be counter-balanced by the market’s current fast pace. Indeed, in locations where choice of suitable property is limited hesitation could mean losing out to others who still decide to act.”

There has been a general slowdown in demand across the country, which is calculated by looking at the balance between the supply and demand for housing stock in a given area.

The highest levels of demand for properties in the country based on the first quarter of 2017 was Rugby, Portsmouth and Bristol.

Lowest levels of demand were seen in the most expensive areas of the capital such as, City of Westminster, Kensington and Chelsea, where average prices have been falling as a result of higher levels of stamp duty. 


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May
23
2017

Yvonne Kerslake-Brameld

Ashtons staff were extremely friendly, knowledgeable and competent. The sale price was ideal. I highly recommend them as a superb team.

May
21
2017

Cynthia Brooks

We mostly dealt with John and Graham at Ashtons and both were extremely courteous and helpful.

May
19
2017

Stuart Yerby

Neil Facer was nothing short of a superhero, from listings to viewings to negotiations to conveyancing. The team were supremely professional.

May
17
2017

Susan Aujla

Incredibly stressful time. Forever grateful to JP at Ashtons for finding us the house & doing everything he could to secure it. Exceptional!

May
15
2017

Anne Udell

I was very impressed with the way Joe Wilkes handled a somewhat difficult time.

May
13
2017

Simon Stanley

Ashtons let the property for me for several years before selling it and achieving and excellent price. Thoroughly professional throughout.

May
11
2017

Peter Fice

Ashtons were able to arrange an immediate viewing on the day we saw the property on Rightmove. Excellent courteous and fast service.

May
09
2017

Andy Mann

Jon-Paul Brampton had an in-depth knowledge of local pricing and economy, impressing me enormously and led to a quick sale. Highly recommended.

May
07
2017

Karen Stammers

You have a great team who made the process - from the first enquiry to completion - seamless and stress-free. Very professional.

May
05
2017

Anonymous

Steve and Graham were excellent in helping us to sell our house and Verity was integral in negotiating a good price for the house we...

May
03
2017

Barbara

Excellent service from the agents throughout the process (and after completion!). Joanne Sargeant is a real superstar!!!!

May
01
2017

Nicola Magdalinis

Our move from London to St Albans was smooth and stress free. We were kept informed at every step of the process and without prompting....


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