Property sellers are set for a bonanza Easter as the stamp duty holiday extension sparks record demand, experts say.
This month, average asking prices are already up £2,484 to £321,064 as frenzied buyers battle over limited supply, according to Rightmove.
The property website said the number of enquiries per listing on its website was at a record high, meaning this could be one of 'the best ever Easters to sell'. It comes as forecasters said prices were likely to soar again after Chancellor Rishi Sunak extended the stamp duty holiday to the end of June.
Easter is traditionally the busiest time of year for estate agents, with Rightmove saying agreed sales in the first week of March were already up 12 per cent on the same period last year. The website's Tim Bannister said record low interest rates and the desire for better homes sparked by lockdown had also created the biggest excess of demand over supply for ten years.
'Blossoming demand coinciding with blossoming gardens should put a spring in the steps of sellers,' he added. 'More coming to market will provide a much needed increase in the choice of property for the many looking to buy.'