House prices set to soar as buyer demand shows ‘no signs of abating’
A significant increase in residential property prices has been forecast by Reallymoving as demand rom buyers continues to heavily outweigh supply.
The comparison site predicts the UK housing market will remain buoyant with prices set to increase by an average of 2.9% in June and 3,7%, when compared with the corresponding period last year.
Despite warnings from agents and surveyors of limited new supply, activity remains exceptionally strong with conveyancing quote volumes in April at around 60% higher than normal levels for the time of year.
Reallymoving captures the purchase price buyers have agreed to pay when they search for conveyancing quotes through the comparison site, typically 12 weeks before they complete. This enables reallymoving to provide a three- month house price forecast that historically has closely tracked the Land Registry’s Price Paid data
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