The average asking price for homes in the UK rose by nearly £ 3,500 in April – making it the largest increase from month to month in more than a year, new data have revealed.
Across Great Britain, the average price of new-to-market real estate rose by an average of £ 3,447 in April – equivalent to 1.1 percent – making it the largest month-on-month increase since March 2018, according to Rightmove & # 39; s house price Table of contents.
The average asking price of a home is now £ 305,449 – still 0.1 percent lower than a year ago, despite the spring quay in April.
Home buyers and sellers are bored of the Brexit & # 39; and cannot put their lives in the refrigerator while negotiations continue, according to brokers.
The average price of new-to-sell properties increased by an average of £ 3,447 in April
Rightmove claimed that it is not unusual to see prices rise during this time of the year, but it is still the largest increase for April since 2016.
The real estate website, however, states that Brexit uncertainty continues to hamper the market, as new sellers demand prices, the number of real estate on the market, and the number of sales last year all under this time.
Miles Shipside, director of Rightmove, said: “The rise in asking prices for new sellers reflects the growing activity as the market builds a momentum fueled by the arrival of Easter.
& # 39; Some market segments and some parts of the country have strong demand from buyers and a lack of suitable delivery. On average, however, homes still come to the market at slightly lower prices than a year ago.
& # 39; It's one of the most price-sensitive markets we've seen for years, where buyers understandably look for value or for homes with extra quality and appeal that suit their needs. & # 39;
The family home sector, including three and four bedroom, but excluding four bedroom detached houses, is better than other sectors in key statistics, Rightmove said.
This is due to the housing needs of families, often driven by the need for more space or proximity to schools, which outweighs ongoing political uncertainty.
The value of these objects retains their value better with an average price increase of 0.7 percent year-on-year. This is compared with a national decrease of 0.1 percent for all properties.
The average asking price of a home is now £ 305,449 – still 0.1 percent lower than a year ago
Single-family homeowners are also slightly more willing to enter the market with 0.7 percent more new sellers in April, unlike the same time a year ago, compared to a 1.2 percent drop in new-to-the-way market sellers nationally.
This sector is also more likely to sell, with the number of sales declined by just 0.4 percent compared to this time last year, while the national average decline is 1.6 percent.
M. Shipside adds: & # 39; Properties in this middle sector offer the ideal escape route for families looking for more bedrooms, more space and their school choice.
& # 39; It is often second-steppers who grow out of their first ownership and it becomes more difficult to postpone a step with growing children. They may have been waiting for Brexit brightness for a year or two, and it is understandable that their patience is thin.
& # 39; There will undoubtedly still be many twists and turns, but this expansion can encourage hesitant home people to have a window of relative certainty in uncertain times. & # 39;
He also confirmed that the question & # 39; clearly present & # 39; is, since March was the busiest month ever of Rightmove, with more than 145 million visits to the website.
Bruce King, director of Cheffins real estate agents in Cambridge, said: & We certainly see an increase in activity as we come in the spring and summer months.
Yorkshire and the Humber were the region that saw the largest monthly real estate price increase
& # 39; The best way to describe market sentiment at the moment is & # 39; bored of the Brexit – sat of sitting on their hands, sellers are now looking to move on with their lives and move and buyers want somewhere new.
& # 39; People's motives are still as relevant as they once were, and buyers in the market still have to put ups and downs, move locations, go to school catchment areas, and so on, and we now see them returning to the market realizing that they are cannot put life on hold.
& # 39; Families in particular have been the most active on the market in recent months with house movements driven by schools, job movements or scaling up. & # 39;
Regionally, Yorkshire and the Humber saw the largest monthly change with an average property price increase of 1.9 percent to £ 193,725.
The Northwest saw the smallest growth of 0.4 percent, with the average house price of £ 197,073.
Brian Murphy, head of Lending for Mortgage Advice Bureau, said: “The Rightmove House Price index offers a glimpse from the coalface of brokers across the country and offers an interesting insight into consumer behavior.
& # 39; It is not surprising to see that according to this series of data, the market for family houses remains resilient.
& # 39; After all, for those who need more room to house growing offspring, or who actually have to relocate due to education, the decision to relocate is rarely a discretionary decision.
& # 39; Regardless of any ongoing Brexit uncertainty, today's report points to the right time for these specific buyers. This is understandable of course, because if you ask the most parents, there will come a time when quality of life becomes the priority, instead of drawing attention to the political headlines.
& # 39; The good news is that in areas of the country where asking prices seem to have remained stable – or as the Rightmove report suggests, sellers are keen to attract a buyer – the market for competitive loans remains provide support. & # 39;