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Biggest ever monthly price jump sets new record high as movers fear missing out!

  • Price of property coming to market rises by 2.3% this month (+£7,785) to a record of £348,804, the biggest monthly jump in pounds recorded by Rightmove in more than twenty years:
    • Prices are now 9.5% higher than a year ago, the highest annual rate of growth since September 2014
  • There are signs that both buyers and sellers fear missing out in the current competitive market:
    • More potential buyers are sending enquiries to agents, with the number 16% higher than this time last year
    • New property listings are up 11% compared to the same period last year, suggesting more sellers are coming to market before looking for a property to purchase, to avoid missing out on their next home
    • The number of people requesting a home valuation from an estate agent was up 11% in January compared to last year
    • London records biggest annual jump in number of buyers sending enquiries of any region, and highest annual rate of price growth since 2016, as the end of pandemic restrictions and a return to the office fuel renewed demand in the capital

      Click here for the full Rightmove article - https://www.rightmove.co.uk/news/house-price-index/?utm_medium=email&utm_campaign=cus-ea-all-nh-market-update-hpi-ea-no-stats_21-02-22&utm_source=adobe