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Published: 24 March 2022

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Almost 100,000 homes changed hands in February as the property market showed signs of an early spring bounce.

A total of 96,250 properties were sold during the month, 15.3% more than in January. But there was a sharp drop in activity compared with the same month of 2021, with property sales falling by 20.6% year on year.

The housing market was particularly busy in the first three months of 2021, as buyers rushed to complete purchases ahead of the planned end of the stamp duty holiday on 31st March, although the deadline was later extended until 30th June.

Despite the year-on-year drop, the number of sales completed in February was higher than those for the same month of 2019 and 2020, when market conditions were more normal.

This is happening because the housing market typically slows down in December and January as people put moving plans on hold during Christmas, before rebounding during the spring.

The pandemic induced search for space is also still leading to elevated buyer levels, with the latest House Price Index recording a 70% increase in people looking to move home, compared with the five year average.

Zoopla

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Published: 16 March 2022

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More than three in five properties listed for sale are now selling within 30 days, according to website OnTheMarket.

The property site found 61% of home sales agreed last month were done so within the first 30 days of being on the market - compared to 43% in the same month last year.

Daily Mail

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Published: 10 March 2022

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Zoopla surveyed homeowners across the UK to understand how the nation's room requirements shifted - and how our homes changed as a result. 

Among those who changed their homes, more than half (53%) said they completely repurposed at least one bedroom, while one in five households (22%) said they changed multiple bedrooms. 

Nationally, this equates to a whopping 8,856,000 bedrooms have been lost amongst the UK's 24m privately owned homes during the pandemic.

With remote and hybrid working now set to be a mainstay for many, almost half (46%) of those who have made changes have created a home office. That means more than 4.5m home offices have emerged across the UK, and over half of homeowners (58%) say they plan to permanently keep them.

Alongside home offices, there are plenty of other ways Brits have reincarnated rooms in their homes since March 2020.Acoss the UK:

1.3m home gyms have been created

984,000 home bars

900,000 home cinemas or music rooms

688,000 dedicated classrooms

Zoopla

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Published: 09 March 2022

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House prices increased at the fastest annual pace since 2007 in February to hit a record high, according to Halifax.

At 10.8 per cent, the annual rate of property price growth was the strongest in 15 years, the bank said. The increase took the average house price across the country to a new high of £278,123. Property values increased by 0.5 per cent month on month.

Halifax's Russell Galley said: 'This was an eighth successive month of house price growth, as the resilience which has typified the market throughout the pandemic shows little sign of easing. This is the biggest one-year cash rise recorded in over 39 years.

Daily Mail