Benwell Daykin reported last month that the property market is currently going through somewhat of a boom. Since then, many national news outlets have also reported some of the biggest property price growth seen in over five years. At our estate agency, demand for Ruddington property has always been high. However, we are seeing a huge increase in enquiries for property in the village and the surrounding areas. But why is this? The freeze on stamp duty is certainly playing its part, with more and more families taking the opportunity…
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The Property Market is Booming!
Following unprecedented times, the Nottinghamshire property market currently finds itself in somewhat of a boom says Benwell Daykin. Many predicted we would experience a dip in house prices with fewer sales and purchases following the Coronavirus lockdown. In fact, the opposite has happened! Demand for a new home is currently outstripping supply. Viewing numbers have increased on each available property and with more buyers brings more offers. High competition means property prices are driven up, as buyers compete with each other to secure their dream home. In July 2020, Rightmove…
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