Housing market adds to the economy

In this short article, we take a look at how the housing market adds to the UK economy

For every residential property resale, an average of £9,559 is added to the UK economy. That is an estimated £6bn added to the UK economy so far this year.
On average £5,400 is spent on renovations and new household goods, £3,100 on estate agency and legal fees and the rest comes from spending on removals and property surveys.
The housing market also helps support jobs, per 100,000 transactions a total of 11,557 jobs are directly or indirectly supported.
Rightmove estimate that there are 650,000 sales going through the buying and selling process, 67% more than at the same time in 2019. This will be a huge boost to the UK economy. Source: Dataloft, Knight Frank, Home Builders Federation

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ATTLEBOROUGH JULY HOUSE PRICE REVIEW

How have Attleborough house prices changed over the past year? By tracking the average price paid on a rolling 12 month basis, we can identify the underlying direction of the local market. This latest update highlights the trend and explains what it could mean for homeowners, landlords and anyone considering their next move.

CLICK HERE >