Average house prices climb about £20,000 in last year as buying frenzy, prompted by stamp duty holiday, continues
"The stamp duty holiday continues to add impetus to an extremely active market, magnifying the current shortage of available homes as buyers aim to take advantage of the Government scheme," said Russell Galley, managing director at Halifax.
"I ring for many properties," she says. "I'm like a hawk on Rightmove, I must refresh it several times an hour, just to see what's on." Best and final is a system where buyers put in one offer for the seller to choose from, in order to avoid a bidding war between prospective home-owners. She said the current state of the market means timing is crucial for buyers and not wasting time is essential.
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