Asking prices outside of London are going berserk as demand completely overwhelms the little supply there is, according to Home.co.uk’s Asking Price Index for April.
The twin stimulus measures of the extended Stamp Duty holiday (till the end of June) and government-backed 95% mortgages are having a dangerously destabilising effect on home prices in regional markets plagued by lack of supply.
Following the latest lockdown, the market is off to the races. Surging demand is everywhere except London, creating fierce competition for a diminishing sales stock.
Across the UK, the number of properties entering the market is 25% less on average than it was two years ago, and in many regions the supply shortages are much worse. Contact Hoppers to find out more, and what it means in the local property market e- firstname.lastname@example.org
From Home.co.uk 14/04/21