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Homes Selling Twice As Fast As 2019

Homebuyers seeking advice on mortgages in Liverpool will be in good company as properties are selling at a rate twice as fast as it was in 2019.

This is according to the latest findings from Rightmove, which revealed high demand and limited stock means property is being snapped up at super speed.

In addition to this, homebuyers are prepared to raise their offers to get the house of their dreams, with 53 per cent of homes selling at their full asking price or above.

Property expert at Rightmove Tim Bannister stated: “he high demand from a large number of buyers chasing too few properties for sale has led to a spring price frenzy, a hat-trick of record price months, and the largest price increase for a three-month period Rightmove has ever recorded.”

Indeed, average house values have soared by £19,000 over the last three months, making it the largest increase since records began.

All regions and market sectors have achieved record highs for prices since 2007, with values having increased by more than £5,000 since March alone. Over the last year, homes have gone up in price by 9.9 per cent, which is nearly £36,000.

Mr Bannister noted this is the “quickest selling market we’ve ever seen” and encouraged more people to take advantage of fast sales and purchases, saying it is “a lot less stressful than the uncertainties of a slower market when finding a buyer for your own home can drag on for months or not happen at all”.

Homeowners might also be keen to apply for a mortgage prior to the Bank of England’s Monetary Policy Committee next meeting at the beginning of May, as experts suggest the base rate could be increased again, The Guardian revealed.

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