Leeds-based property company 321 Move have seen a surge in house prices and subsequent property sales as lockdown restrictions ease.
"House prices have now reversed the losses recorded in May and June and are at a new all-time high," says Natiowide’s chief economist, Robert Gardner.
There’s no doubt that the UK’s lockdown restrictions due to Covid-19 has altered daily life for millions across the UK. Working from home became the ‘new normal’ which has had a significant impact on the UK property market.
Yorkshire has seen a rising demand for new homes since lockdown restrictions began to ease, with a sharp rise in properties for sale as well as an increased demand for houses with gardens and home office spaces. With this rise, house prices reached their highest growth in two years.
However, the effect of the economic impact on homeowners due to job losses is yet to be seen. Forecasters predict a rapid decline in the...