Five Things Keeping House Prices Flying High | GBW

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Five Things Keeping House Prices Flying High

Halifax: House prices increase by 8.2% in April 2021

£258,204

Average price

+1.4%

Monthly change

+0.9%

Quarterly change

+8.2%

Annual change

 

With strong growth showing in the latest Halifax house price data, what is keeping the house price rise from crashing?

  1. Strong consumer confidence in a house as a financial asset and a Government firmly committed to home ownership.
  2. Protection for homeowners during the pandemic; including furlough, payment holidays, and 95% mortgages for first time buyers.
  3. Attitudes to living and working changing during the pandemic and prompting a change in the way we live.
  4. Rock bottom mortgage rates and cheap mortgage finance.
  5. The waiving of stamp duty by the Government and its extension to June 2021.

 

For further information, please contact Ed, Kelly or Rob on 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk

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