Housing Demand 2021

Posted by Willmotts Chartered Surveyors on 9th August 2021 -

The Dataloft Demand Index shows housing demand is currently 22% higher than a year ago, as housing market momentum continues to be bouyant.

Demand fell 7% following the SDLT and Land Transaction Tax deadline on 30th June, but remains higher than a year ago. Buyers in England are still able to make a saving until 30th September.

This change is reflected in mortgage approvals, which dipped 6.5% year-on-year in June but remain 20% higher than the long-term June average (Bank of England).

Asking prices have reached record highs across all regions of the UK (Rightmove) and price growth remains strong as demand continues to outpace supply.