Property Market Update Northamptonshire April 2022
An overview of the property market in Northamptonshire
As we approach the summer, the Northamptonshire property market remains buoyant, with a positive outlook. There has been an inevitable cooling since the end of the stamp duty holiday, which was followed by the base rate rising to 0.75%
This may not be a bad thing, as an overheated property market can end badly, but a slow cooling down reduces the risk of sharp corrections further down the line, helping to maintain confidence in the market, which is better in the long term.
Here is a the current state of the market in Northamptonshire:
|PROPERTY TYPE||OTM||SSTC||% SSTC||AVAILABLE||% AVAILABLE|
As you can see, the percentage of property SSTC is nearly all over 70%, which is much higher than in the past, when it hovers around 45% in Northamptonshire, confirming that we are still in a seller’s market.