The 20-city index is currently registering annual house price inflation of 2.9%. The annual rate of growth continues to moderate, with thirteen cities registering weaker growth than a year ago.
Price growth ranges from up to +6% in Leicester to -1.6% in Aberdeen.
A comparison of time to sell and discounts to asking price indicates the relative strength of city housing markets. See the chart below for the cities which have relatively strong market fundamentals.
The annual rate of house price inflation in London remains at 0.2%
Leicester, Belfast and Manchester have the fastest house price growth
Aberdeen is registering price falls, whilst Cambridge and London are rising 0.2% yoy
Housing metrics demonstrate the relative strength of city housing markets. The chart above shows the average time to sell a property in weeks, and the level of discount to achieve a sale in certain cities.
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.