Nationwide has noted this week in its July 2021 House Price Index Report that month on month prices fell by 0.5% from June 2021. This then meant that the annual change dropped back down to +10.5%, which is 2.9% lower than June’s report of +13.4%. However, the average price of properties in the UK stands at a large £244,229. The market overall has still been busy with buyers and sellers trying to make the most of the stamp duty holiday, yet there won’t be as much savings to be had now compared to a few months ago, which could be another reason for the slight decline. Seasonally it must be noted that in the summer period the market is usually not as busy as spring due to the summer holidays.
If you are unsure if now is the right time to come to market with your home, speak to us today on 01233 501601 or email us at firstname.lastname@example.org.