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According to Rightmove’s House Price Index, there are 18 per cent more enquiries regarding new housing, yet at the same time, there are over a fifth (21 per cent) fewer new sellers coming onto the market.

This has led to speculation by Rightmove and others that despite there being as near to no chance as makes no odds of house buyers at this point being the stamp duty deadline, there may not, in fact, be as dramatic a drop in house prices and other key figures as was expected.

Interestingly, the overall higher prices are not the case for estate agents in Retford. The average sale price for property in the area is 10 per cent lower compared to this time last year.

The disparity between the number of homes going onto the market and the number of people wanting to buy is interesting and could be explained by other factors taking priority now that there is no rush to complete a sale.

For some families, home-schooling children and working from home has taken priority again, and preparing a property to showcase is incredibly difficult when the whole family is using it all day.

An estimated 100,000 sales currently in the pipeline, some of which have been in the process of selling since June, are expected to miss the 31st March deadline, leading to an unexpected tax bill for buyers.

 

Alexander Jacob - Letting and Estate Agents in Retford