The property market is likely to stage a Brexit “relief rally” over the summer, according to Britain’s biggest property website, as it revealed signs of bounceback in prices over the past month.
Rightmove said asking prices on its website jumped by an average of 1.1% – an increase of £3,447 – in the month to April 6 but remain 0.1% below the level of a year ago.
It said the Brexit delay is likely to boost confidence in the market. Miles Shipside of Rightmove said: “No doubt there are still a lot of twists and turns to come but this extension could give hesitating home movers encouragement that there is now a window of relative certainty in uncertain times.
