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House prices continue to grow

The average UK asking price of a home has reached a record £323,530.

Prices roses by 1.1 per cent in September 2020 which now means prices are 5.5 per cent higher, or £16,818, than the same time last year.

Experts are suggesting that growth will continue up until the new year where it could peak at 7 per cent.

Reasons for this boom in prices could be due to stamp duty cuts, pent up demand post lockdown and households seeking more space now they are working from home.

Sales agreed are also up for October. They are 58 per cent higher than the same time last year.

Average house prices across Nottingham currently stand at £159,100.

Source: Rightmove

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Find out how much your property is now worth by calling our sales team on 0115 990 2007. You can also email us on info@benwelldaykin.co.uk.

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