Housing demand 22% higher than a year ago

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Housing demand 22% higher than a year ago

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.

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