Figures released in August and September this year have shown that the property market is well on its way to recovery, following on from the nationwide lockdown earlier this year.
The number of transactions across the UK have increased significantly as well as house prices. According to the Nationwide House Price Index annual price growth picked up 5% in September, the highest rate since September 2016. Whilst mortgage availability and approvals have also increased after being limited in April and May.
Tenant demand has also continued to increase and short term rental growth is expected. Since May this year there has been a sharp uplift in both tenant demand and landlord instructions.
If you're wondering how the property market has changed this year in your area then take a look at our latest monthly insights.
General
Figures released throughout August show that the property market is well on its way to recovery following on from the nationwide lockdown earlier this year.
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General
Tenant demand has continued to increase and shot term rental growth is expected. During lockdown there was a huge decrease in rental demand as all moves were put on pause, however since May there has been a sharp uplift in both tenant demand and landlord instructions.
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General
The property market has been on the road to recovery on the last couple of months, which promisingly, looks set to continue.
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