Most owners believe their house price is static or falling, but is this really the case?

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A survey undertaken for Aviva suggests that sentiment is mixed, with most of the 2,300 home owners surveyed doubting that their house price has risen.

The survey was conducted just before last week’s warnings about the growing threat of a Coronavirus second wave.

Nearly half of those surveyed, 48%, think that the value of their homes hasn’t changed in recent months and, although most people believe it has only been minor, a quarter of those surveyed think that their property has reduced in value.

However, after analysing data from Rightmove and their House Price Index we know that the price of property coming to market is up 0.2% this month and just £269 below the record set in July.

We are also seeing that as more buyers seek larger homes, three/four bedroom houses are hitting new records of £291,618, with the overall average house price in the South East being £414,918 which is an annual increase of 4.4%.

With the Stamp Duty Holiday ongoing until March 2021 and with the increase in homeowners looking to move out of cities and in to the countryside you can rest assured that the value of your property is still on the rise!

Get in touch with one of our dedicated experts today to see how we can help your dream move come true!

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