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60 Second Update: Property Market September 2021

27th Sep 2021

Category: Property headlines

We've collated the best of the internet's property reports and data to give you a quick 60 seconds overview of the lettings and sales markets in September 2021.

Property Sales Market

Asking Price Trend

House prices have hit a new high once again this month, but signs show prices are stabilising. With the national average up just £15 from August to £338,462 the peak of the curve is beginning to flatten. The summer lull usually creates more space in the market, however this year demand for property remains high due to a continued shortage in stock. With so much competition, Rightmove report the rise of the 'power buyer'- those who have a sale agreed, mortgage in principle or cash in the bank.

Click here for Rightmove's September House Price Index.

Property Lettings Market

Figure 5  The Weakest Annual Rental Price Growth Is In London

Figures from the Office for National Statistics Index of Private Housing Rental Prices show the East Midlands continues to enjoy comparatively strong rental price growth. The national average rental price growth in the 12 months to August 2021 was 1.3%, while in the East Midlands it was 2.7%.

Click here to view the ONS Index of Private Housing Rental Prices August 2021 Report.


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