Increase in demand for properties over £300k

Increase in demand for properties over £300k

In this article we look at the surge in interest in the respective property pricing brackets

  • The stamp duty holiday has led to a 14% surge in calls and emails to agents. Properties priced between £400–£500k have seen the biggest increase in interest, 49%. In 2019 they only represented 8% of sales, therefore we may see a shift in the distribution of transactions in 2020.
  • Properties priced between £500–£750k have also seen a surge in interest, 40%, representing 7% of sales in 2019. Properties priced over £750k have seen an 11% surge, representing only 4% of sales in 2019.
  • For properties priced less than £300k, the stamp duty holiday will not save first time buyers any money and homeowners only £5k. Therefore, they have only seen a 1% increase in demand.
  • With the stamp duty holiday benefiting homeowners and investors the most, particularly those with bigger budgets, we are likely to see increased demand for higher priced properties over the next 8 months.



Get in touch with us

There's a lot of talk about AI in estate agency, and rightly so. But here at Millbanks, I've noticed a worrying trend. Many agents are simply using this powerful new technology to speed up old, ineffective processes. Let me explain why I believe that's a mistake, and how we do things differently.

This heat map reveals how rental yields vary across Attleborough, with darker areas delivering stronger monthly income and lighter zones producing lower returns. It also highlights a key investor insight: higher yields often sit opposite to long-term house price growth, showing why local strategy matters. Click to learn more...

May is a key month for sellers, but more homes are competing for attention. If you are thinking of moving this spring, here is how the current market is shaping buyer behaviour and what helps a home stand out.

Buying a home can feel easier when you know your budget, priorities and next steps. With mortgage costs still influencing decisions, preparation is one of the biggest advantages buyers have.