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A slight softening in demand was expected with stamp duty relief ending on 31st March. That changed, of course, but the effect will probably not be seen for another month or two. Here are last month's numbers from Nationwide and Zoopla.
22/3/2021
Strong 5 year price growth predictedSavills price forecast has been revised upwards in light of the measures announced in the recent budget and more positive expectations for the UK economy. Properties in the North, the North West and the Midlands are expected to see the greatest gains.
With the Stamp Duty holiday coming to an end, January's small decline in house prices was expected to continue into the next month. Not so, as February reversed that decline and then some. The figures from Nationwide and Zoopla...
29/1/2021
Big surge in London pricesThe Land Registry's numbers may be slow to arrive, but they are the most accurate. When they say that prices shot up in November, it's because they really did.
A recent survey of international asset managers by law firm DLA Piper ranks the UK as their number one choice for European property investment investment in 2021.
Well, the forecasters got it badly wrong last year, but who would blame them for that? This year, they have more of an idea of what the market is confronted with, but these are uncertain times. Nevertheless, a few industry professionals have stuck their neck out...
30/12/2020
Property market round-up - December 2020House prices finished the year up 7.3% according to Nationwide, with their quarterly regional report showing the South East high in the rankings for the first time in years. Zoopla reports that demand in 2020 has been 40% higher than in 2019.
1/12/2020
Property market round-up - November 2020Property values continue to surge, now up to 6.5% year-on-year according to Nationwide Building Society. It is still the North, North West and the Midlands showing the greatest gains, with Nottingham and Manchester leading the way.
27/11/2020
What will drive property prices in 2021?Covid dominated all aspects of our lives in 2020, including the UK's property market. The response to it will shape the industry throughout 2021 and beyond.
2/11/2020
Property market round-up - October 2020Nationwide's figures for the month show property values up 5.8% over the last year. As usual, cities in the north lead the way.
19/10/2020
UK house prices hit record high - HalifaxAverage selling prices for UK properties hit a record high in September according to mortgage lender Halifax, with property portal Rightmove reporting asking prices still on the rise.
Six months ago, some economists were forecasting a difficult housing market with a collapse in demand and price falls in the double digits. In any previous recession they might have been right. Not this time, with activity strong and prices 5% higher than a year ago.
Within days of Savills' June house price forecast, Chancellor Rishi Sunak trumped it with the announcement of a Stamp Duty holiday. Add to that the unexpected post-lockdown mini-boom and an update was needed. Here it is and, once again, it surprises on the upside.
Housing prices recover from a recent dip to an all time high in August with annual house price growth now standing at 3.7%.
29/8/2020
Hometrack UK Cities Index - July 2020According to the Zoopla/Hometrack Index, property values in the UK's major cities do not appear to be suffering any ill effects from the pandemic, with 16 of the largest 20 recording gains of 2% or more over the last year.
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1/4/2021