By The North East housing market continues to demonstrate remarkable resilience this April, with the average asking price reaching a new record of £186,013, marking a 4.2% increase from the previous year.
Key Highlights:
Buyer Demand Remains Strong: Despite recent stamp duty adjustments, buyer interest has not decreased. New buyer enquiries have risen by 5% compared to the same period last year.
Increase in Property Listings: The number of new sellers entering the market has grown by 4%, indicating renewed confidence among homeowners.
Fast-Moving Market: Homes in the North East are selling rapidly, averaging just 32 days on the market, placing areas like Gateshead and Newcastle among the fastest-selling locations in England and Wales.
What This Means for Landlords:
The current market conditions present a valuable opportunity for landlords considering expanding their portfolios or reassessing their investment strategies. High demand and increasing property values suggest potential for strong returns.
Stay Informed:
To make informed decisions, it's crucial to stay updated on market trends and regional developments. Our team is here to provide insights and guidance tailored to your investment goals.
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