Let's Move on from Brexit
It is reported in the Daily Mail that the average asking price of a home jumped up by nearly £3,500 during March with Estate Agents crediting the ‘bored with Brexit’ effect.
It is reported that both sellers and buyers have become fed up with putting their lives on hold as the political uncertainty goes on and are choosing to get on with moving.
Across Britain, the price of new-to-the-market properties increased by an average of 1.1%, website Rightmove said. It was the biggest month on month increase since March 2018. The average price is now £305,449 which is 0.1% lower than a year ago despite the bounce this month.
Rightmove said it is usual to see prices increase at this time of year, but this is still the biggest increase seen in April since 2016. But it added that the uncertain political backdrop continues to hold back the market, with new seller asking prices, the number of properties coming onto the market and the number of sales agreed all below this time last year.
Rightmove director Miles Shipside said: ‘The rise in new seller asking prices reflects growing activity as the market builds momentum, egged on by the arrival of Easter.’ He said the Brexit extension could give hesitating home movers encouragement ‘that there is now a window of relative certainty in uncertain times.’