This increase in search activity is notable given that a year ago market activity was buoyed by the November announcement that second-home stamp duty would apply from April 2016. With markedly fewer buy-to-let purchasers than this time a year ago, there is a new year opportunity for first-time buyers to fill the void left by buy-to-let purchasers.
UK house prices rose by 0.4%, Rightmove reports
Early data is showing a "steady start" to 2017’s housing market, as well as a "window of opportunity" for first-time buyers who have more choice and negotiating power. The Rightmove statistics report a 0.4% monthly increase in the price of property coming to market - very similar to the 0.5% rise recorded in the same period 12 months ago. Early indicators of housing demand also appear robust, with Rightmove traffic compared to a year ago up by 5% since Boxing Day, which is traditionally when movers start to search en masse.
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