Data released by a well-known property portal shows that the average property price rose by £5,537 in April alone. Compared to figures recorded three months ago, the typical UK property is now worth a whopping £19,082 more, pushing the average house price up to £360,101.*
The current scarcity of properties continues to be the main driving force behind the steep increase in property prices.
What does this mean for you as a seller?
Despite more properties coming to the market, the demand for homes still outweighs supply. At present, sellers are successfully finding buyers twice as quickly as at the same time in 2019, and once a buyer has been found, homeowners are achieving top prices for their property.
In fact, statistics show that you could achieve up to 1.6% more for your home than one month ago.
If you do not yet have an up-to-date valuation, now is the time to get yours! Request your professional property valuation here.
