All cities record price rises for the first time since 2015. Average house prices across the 20-cities index report are registering an annual house price inflation of +2.8%.
London growth rate increased slightly to +0.4% – The proportion of postcodes registering price falls is also starting to reduce.
Regional cities outside southern England have recorded above average price inflation over the last 3 years; the rate of price inflation however is beginning to moderate.
Housing transactions and mortgage approvals are holding up despite Brexit uncertainty – Prices in Leicester and Manchester are up 17% since the vote in June 2016.
The annual rate of house price inflation in London rises to 0.4%
Leicester, Manchester and Glasgow have the fastest house price growth
Cambridge, London and Oxford are the cities with the slowest growth
There has been a marked decline in the proportion of postcodes within London that are registering price falls. The latest data reveals that although prices are falling across 55% of postcodes, this is down from almost 70% in October 2018.
Nigel Lewis looks at the impact of stamp duty, mortgage and capital gains tax changes in the Spring 2021 Budget for estate agents
Starting 21 December, we’ll be making the most of the seasonal uplift with a new ten-week national campaign targeting existing homeowners.
Valuing properties aggressively to gain instructions is a well-known tactic used by many estate agents and is a hotly debated topic within the industry, but does it work?
As the industry professionalises, what should estate and letting agents be doing to prepare for minimum qualification requirements?
In the last eight years, the growth of first time buyers has outpaced all other buying groups and in 2018 they became the largest buyer group in the UK.