UK Property search portal Rightmove.com says the traffic on its website between Boxing Day and the end of last week has increased by 5 per cent on the previous year reports Estate Agent Today.
“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” says the portal.
The portal says the surge in activity since Boxing Day - the date it believes would-be movers start preliminary searches - bodes well for the market in 2017, notwithstanding Brexit and political and economic uncertainty.
There was a 0.4 per cent rise in the average asking price of a property coming to the market in the past month, equivalent to a £1,086 rise - this is very similar to the 0.5 per cent rise recorded in January 2016. Asking prices have risen 3.2 per cent over the full 2016 year.