{"id":2415023,"date":"2021-10-19T17:47:21","date_gmt":"2021-10-19T17:47:21","guid":{"rendered":"https:\/\/hometruthslancs.co.uk\/?p=2415023"},"modified":"2021-10-26T08:44:13","modified_gmt":"2021-10-26T08:44:13","slug":"housing-market-update-october-21","status":"publish","type":"post","link":"https:\/\/brightred.dev\/hometruths\/housing-market-update-october-21\/","title":{"rendered":"Housing Market Update &#8211; A return to &#8216;normal&#8217; for the economy and the property market"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2415023\" class=\"elementor elementor-2415023\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3260ab57 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3260ab57\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-376894b1\" data-id=\"376894b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3058a62 elementor-widget elementor-widget-heading\" data-id=\"3058a62\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">October Housing Market Update<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75d3a15 elementor-widget elementor-widget-spacer\" data-id=\"75d3a15\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.e-container.e-container--row .elementor-spacer-inner{width:var(--spacer-size)}.e-container.e-container--column .elementor-spacer-inner,.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5898e97d elementor-widget elementor-widget-text-editor\" data-id=\"5898e97d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Welcome to the Housing market update for October 2021.<\/p><p>In many ways, October marks a return to \u2018normal\u2019 for the economy and the housing market.\u00a0 The final stamp duty holiday has ended, travel restrictions are easing, and the furlough scheme has drawn to a close.\u00a0 The Chancellor will set out his roadmap for 2022 and beyond in the Autumn budget.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57fee96 elementor-aspect-ratio-169 elementor-widget elementor-widget-video\" data-id=\"57fee96\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/GkTXVw4gbNQ&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;,&quot;aspect_ratio&quot;:&quot;169&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-video .elementor-widget-container{overflow:hidden;-webkit-transform:translateZ(0);transform:translateZ(0)}.elementor-widget-video .elementor-open-inline .elementor-custom-embed-image-overlay{position:absolute;top:0;left:0;width:100%;height:100%;background-size:cover;background-position:50%}.elementor-widget-video .elementor-custom-embed-image-overlay{cursor:pointer;text-align:center}.elementor-widget-video .elementor-custom-embed-image-overlay:hover .elementor-custom-embed-play i{opacity:1}.elementor-widget-video .elementor-custom-embed-image-overlay img{display:block;width:100%}.elementor-widget-video .e-hosted-video .elementor-video{-o-object-fit:cover;object-fit:cover}<\/style>\t\t<div class=\"elementor-wrapper elementor-fit-aspect-ratio elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b72163f elementor-widget elementor-widget-spacer\" data-id=\"b72163f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6211d3 elementor-widget elementor-widget-heading\" data-id=\"a6211d3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Annual Growth<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13b453e elementor-widget elementor-widget-spacer\" data-id=\"13b453e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55fd0af elementor-widget elementor-widget-text-editor\" data-id=\"55fd0af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The annual growth in UK house prices remains solid.\u00a0 An average of independent forecasters expect prices will end the year 5.8% higher than where they started, with price growth of 3.9% predicted for 2022.<\/p><p>Demand for property in September was 12% higher year on year, with few signs of any significant drop off as Autumn takes hold. (<a href=\"https:\/\/dataloftinform.co.uk\/inform-property-market-updates\/what-is-the-dataloft-demand-index\">Dataloft Demand Index<\/a>)<\/p><p>There is little sign of any substantial change to the shortage of supply that has beset the market since the start of the year and stock levels per agent remain historically low (RICS).<\/p><p>Home movers who have already sold subject to contract, cash purchasers and first time buyers are in the best position to benefit from such a competitive marketplace.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e6eac7 elementor-widget elementor-widget-image\" data-id=\"4e6eac7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"480\" height=\"408\" src=\"https:\/\/brightred.dev\/hometruths\/wp-content\/uploads\/2021\/10\/IMG_4860-rotated-e1634665630544.jpg\" class=\"attachment-large size-large\" alt=\"Housing market update\" loading=\"lazy\" srcset=\"https:\/\/brightred.dev\/hometruths\/wp-content\/uploads\/2021\/10\/IMG_4860-rotated-e1634665630544.jpg 480w, https:\/\/brightred.dev\/hometruths\/wp-content\/uploads\/2021\/10\/IMG_4860-rotated-e1634665630544-300x255.jpg 300w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77182a9 elementor-widget elementor-widget-spacer\" data-id=\"77182a9\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a68f003 elementor-widget elementor-widget-heading\" data-id=\"a68f003\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">There is still a high demand for property<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b171b76 elementor-widget elementor-widget-spacer\" data-id=\"b171b76\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-704ccfe elementor-widget elementor-widget-text-editor\" data-id=\"704ccfe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We are still experiencing high demand for our properties, with many selling above asking price. On average nearly 5% over asking price. Our properties are quickly selling many at the launch event and with an average of 29 days.\u00a0 This month we have sold 2 properties directly from pre marketing activity at a price that the owners were very happy with. Speak to us about how we can use a put together a bespoke marketing approach for your property.<\/p><p>We have still have buyers who are proceed-able who are actively searching for property but have unfortunately missed out. 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data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1af18ca elementor-widget elementor-widget-heading\" data-id=\"1af18ca\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Dont miss out on your dream home<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15a98e1 elementor-widget elementor-widget-spacer\" data-id=\"15a98e1\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df4cb63 elementor-widget elementor-widget-text-editor\" data-id=\"df4cb63\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Now that you&#8217;ve read our housing market update you&#8217;re sure to want to take a look at our properties for sale. We have lots of amazing homes for sale in the beautiful northwest of England.<\/p>\n<p>There really is something for everyone. Why not browse our properties for sale <a href=\"https:\/\/brightred.dev\/hometruths\/sales\/sales-search\/\"><strong>here<\/strong><\/a>.<\/p>\n<p>If you are looking to sell your property then our friendly staff would love to have a chat with you. Just get in touch on <span class=\"phone\">01257 451673.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>October Housing Market Update Welcome to the Housing market update for October 2021. In many ways, October marks a return to \u2018normal\u2019 for the economy and the housing market.\u00a0 The final stamp duty holiday has ended, travel restrictions are easing, and the furlough scheme has drawn to a close.\u00a0 The Chancellor will set out his [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2434534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Housing Market Update October 2021 - Home Truths<\/title>\n<meta name=\"description\" content=\"Housing market update October. 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