Property expert shares 'gamechanger' news for anyone looking to buy a house later this year

It’s been a busy summer so far with the general election and the Euros all taking place over the past two months. Despite concern among some that the election would lead to a significant slowdown in home-moving activity, Rightmove's most recent data has shown that most people have been carrying on with their moves since the election was called.

According to Rightmove, average asking prices across the country have remained stable overall and are still 0.4 percent higher than a year ago, despite a monthly dip. The average asking price of a home in Great Britain is now £373,493 at present.

The number of sales being agreed is currently 15 percent above what it was a year ago, when the UK was approaching the peak of mortgage rates. The number of new sellers coming to market in the last four weeks is also a steady 3 percent above last year.

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The number of sales being agreed is now 15 percent above the same period a year ago, when we were approaching the peak of mortgage rates. This compares to last month’s figure which was 6 percent above last year. Also, the number of new sellers coming to market in the last four weeks is a steady 3 percent above last year.

The political certainty of having the next government in place is also likely to boost home-mover confidence heading into the second half of the year, says Rightmove.

Rightmove's property expert Tim Bannister says: “Three major uncertainties hanging over the property market at the start of the year were when the first interest rate cut would be, and the timing – and the result of the General Election.

“We’ve now got the political certainty of a new government with a large