Perhaps it's because Homes Under the Hammer has become our guilty pleasure in lockdown, or that more of us are hoping to make a quick buck in hard times. Whatever the reason, the proportion of homes being flipped - sold twice within a year - is at its highest level for twelve years.
Flipping a home is a relatively speedy way to earn cash, perhaps by making improvements to a fixer upper, like the ones often featured on the BBC daytime show and putting it back on the market.
And the earnings aren't to be sniffed at. Hamptons International said that the average profit is £40,995. The estate agency said that so far this year2.5 per cent of homes sold in England and Wales have been flipped, which could equate to 23,000 transactions by the end of 2020.
It is the highest proportion of transactions being flipped since 2008 - the year of the financial crisis - when 3.3 per cent of properties were flipped. Burnley in Lancashire was named the flipping capital of England and Wales for the sixth year running. Hamptons estimated that nearly one in ten homes sold there are flipped.
The North East and North West see high proportions of homes flipped because of lower house prices, Hamptons added. Aneisha Beverage, the estate agency's head of research, said: 'Flippers play an important role in the housing market by improving housing stock and taking on projects other buyers often won't touch.'
It's that time of year again when temperatures start to take a tumble. To make sure you stay safe and warm, have a look at our checklist below.
1 Check your boiler insurance. A new boiler can cost upwards of £3000 and some home insurance policies will include Home Emergency cover but others will require you to buy it as an add on. These usually provide cover for boiler breakdowns.
2 Get your boiler serviced annually. Some cover will include a free service each year, and most insurers will not pay out if the breakdown is due to 'wear and tear'.
3 Lag cold pipes - this should stop them freezing and avoids blockages.
4 Make sure your guttering is clear of debris. This prevents damp from getting into the walls which can cause damage.
5 Going away over the festive period? Selling an empty property? Set your heating to come on for an hour or so each day to stop the pipes freezing.
Homes are spending more than eight months on the market on average before being sold amid Covid. They also need eighteen viewings before they sell.
1 per cent of vendors fear catching Covid while showing buyers around, the poll by Atomik Research and home buying service Spring found. In February 2019, Zoopla estimated homes took an average of 50 days to sell.
UK house prices are 6.5per cent higher than a year ago - the sharpest rise for nearly six years the Nationwide has said.
The acceleration came as the housing market remained robust despite the economic effects of the pandemic, the lender added. House prices were 0.9 per cent higher in November than in October, with the average property valued at £229,721, the Nationwide said.
That is the fourth month in a row that house prices have set a new record. Prices have been climbing thanks to strong demand post lockdown coupled with the Chancellor's stamp duty holiday.
A post-lock down stampede for home loans has seen Britain's lenders approve the most mortgages since 2007. Bank of England data showed that mortgage approvals for house purchases hit 97,532 in October, up from 92,091 in September and higher than all forecasts.
Analysts called the rush for mortgages a 'stampede'. The figure was about ten times higher than the trough of 9,400 in May.
The housing market has gone in to top gear due to the stamp duty holiday and a high demand for bigger properties post lockdown.