According to Rightmove\u2019s latest House Price Index, April 2019, the price of new-to-the-market property has increased on average by 1.1% over the past month (March-April) \u2013 this is the biggest month-on-month rise for over a year and the largest at this time of year since 2016.<\/p>\n
The family home sector outperformed other sectors in key metrics as their housing needs outweigh uncertainty; holding value better, with a 0.7% year-on-year price increase compared to a fall of 0.1% nationally for all properties, more likely to sell as the number of agreed is down by 0.4% year-on-year in comparison to the national drop of 1.6%, slightly more willing to come to the market, with 0.7% more new sellers that this time a year ago, compared with a 1.2% fall nationally.<\/p>\n
Rightmove have defined the family home sector as being made up of three and four-bedroom properties (excluding four-bedroom detached). Typically, families\u2019 housing needs differ from others and are often driven by the need for more space or proximity to schools, which outweighs the ongoing political uncertainty.<\/p>\n
The EU\u2019s offer of a Brexit extension until October coincides with what is usually the busiest time within the property market. As this only currently a postponement, it may last long enough to relive some the short-term uncertainty, so it arrives at an opportune time for the housing.<\/p>\n