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The cost of three or four
bedroom homes suitable for second steppers reached a record £291,618 in
September, Rightmove’s house price index has found. The cost of those homes rose by 0.4%
month-on-month and 5.7% annually. However the price of homes suitable for
first-time buyers has fallen by 0.4% on a monthly basis to £200,324, though
they still rose by 4.2% year-on-year.
Jeremy Leaf, north London estate agent and a
former RICS residential chairman, said: “The latest Rightmove figures
demonstrate the considerable strength of the rebound in buyer demand
immediately before the latest restrictions on businesses and households were
applied.
“On
the ground, acceleration in the number of cases is also prompting many buyers
to pause at least until the Covid fog clears a little. However, confidence in
longer-term housing market prospects seems undiminished as well as the many
reasons behind it such as the stamp duty holiday and continuing low interest
rates irrespective of uncertainty caused by worsening employment prospects and
the real possibility of a no-deal Brexit.” (Property Wire)
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