House price growth reaches double digits despite ‘cooling’ in the property market

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Guy Gittins, CEO of Chestertons, said: “November saw a slight drop in finalised sales.

“This is an expected side effect following house hunters prioritising their first summer holiday since lockdown in August and September, which automatically led to fewer viewings during this time.

“Whilst November’s property sales have temporarily levelled out from the record-sitting first half of the year, buyer enquiries for London properties still remain 20 percent higher than this time last year, when we had the added incentive of the Stamp Duty holiday, and 47 percent higher than 2019.

“As the market witnesses a great deal of appetite from house hunters right after the summer holidays, particularly during October, we are expecting the number of agreed sales to remain high for the rest of the year and into Q1 2022.”



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