In the latest depressing property news it appears as though your house could be earning more than you are.This is in part down to the huge rush of people trying to complete sales before the stamp duty holiday came to an end.
Regionally, the biggest riser is the South West where nearly a third of homes have risen in price faster than the local average salary. Gráinne Gilmore, of Zoopla, said: ‘There has been strong demand from home buyers since the housing market reopened after the first lockdown in May last year. ‘At the same time, the savings of up to £15,000 on offer as a result of the stamp duty holiday in the 12 months to July also encouraged people to make a move.
Source: Real Estate Daily Report (realestatedailyreport.net)
So it’s an artificial spike then - that will level out now that the stamp duty holiday has ended 🤷🏻♂️
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