The UK housing market burst back to life in April as buyers and sellers decided they are ‘bored of Brexit’ and cannot put their lives on hold any more.
Average home prices rose by £3,500 during April, the largest monthly jump in more than a year. Especially popular were three- and four-bedroom family houses. “Properties in this middle sector offer the ideal escape route to families looking for more bedrooms, more space and their choice of schools,” said one expert.
Agents confirmed that demand from buyers is rising: “Buyers in the market still need to upsize, downsize, move locations, move into school catchments and so on and we are seeing that they are now returning to the marketplace,” said another.
Yorkshire and Humberside had the largest uplift in property values in April, according to national figures, with average prices up 1.9 per cent to reach £193,725, much of it driven by families. “If you ask most parents, there comes a point when quality of life becomes the priority, rather than the consideration of political headlines,’ said Brian Murphy, Head of Lending at the Mortgage Advice Bureau. He added that the competitive lending market continues to assist home buyers, along with low interest rates.
