BRITS are shrugging off the cost of living crisis and higher mortgage costs and are rushing to snap up homes, revealed a new study published today.
A housing market frenzy in 2021 triggered by the pandemic engineering a mass shift in housing preferences and the stamp duty holiday has bled into the new year.
The number of prospective buyers asking about available homes is 15 per cent higher than it was this time last year, the busiest start to a year ever recorded by property search site
Rampant demand for homes is expelling concerns a looming cost of living crisis, higher mortgage rates and the end of the stamp duty holiday would knock
Sellers are rushing to capitalise on red hot demand and rising prices, unleashing a wave of properties for sale over the Christmas period,
"It's clear that the trends which defined the market in 2021 have carried over into this year," he added.
Property prices across the
House prices are up 0.3 per cent over the last month, hitting £341,019 in January this year.
Outer
(c) 2022 City A.M., source