No Brexit deal yet, but families are doing housing deals say Rightmove

No Brexit deal yet, but families are doing housing deals

  • Price of new-to-the market properties increases by an average of 1.1% (+£3,447) this month, the biggest month-on-month rise for over a year and the largest at this time of year since 2016
  • Family home sector outperforming other sectors in key metrics as their housing needs outweigh uncertainty:
  • Holding value better, with average 0.7% year-on-year price increase for family homes compared to a fall of 0.1% nationally for all properties
  • More likely to sell, with number of sales agreed down 0.4% year-on-year while the national average drop is 1.6%
  • Slightly more willing to come to market, with 0.7% more new sellers than this time a year ago, compared with a 1.2% fall in new-to-the-market sellers nationally
  • Brexit delay could boost spring market activity as short-term uncertainty recedes