Lovely blooming June transformed our fortunes, says Connells

The number of sales agreed in June was so high that it transformed the second quarter of this year into the best performing quarter since the crash of 2008, Connells has reported.

The upswing reversed poor sales in April and May when there were fewer buyer offers than in March.

Connells says that June’s strong performance meant that sales agreed in the second quarter of this year were 6% up on quarter one and 8% higher than quarter two last year.

Connells reports: “The rate properties are being snapped up at is continuing apace, and won’t abate until a greater supply of homes enters the market.”

The firm says its data shows house prices rose by average of £4,000 over the year, with average rents rising 13%.

Connells rental figure is far higher than the latest report from the Office for National Statistics, which says that rents across Britain rose by 2.5% in the year to June.

The largest increase was in London at 3.8%.


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