Email: enquiries@pcomproperty.com
+66 9 7072 6615 
Mon-Thurs 10am to 8pm local   Fri 10am to 4pm local   GMT +7  UAE+3  HK/SG -1
REGISTER TO VIEW ALL PROPERTIES
Pcom Property - UK Buy To Let
  • Home
  • Properties
    • View All Properties
    • The Address Altrincham
    • The New School House Birmingham
    • The Exchange Preston
    • Holme House, Nottingham
    • The Silk Works Coventry
    • JQ Rise Birmingham
    • Icona York
    • Stone Cross House Bolton
  • Mortgages
  • Blog
  • Subscribe
  • Contact
  • The Maltings Burton-on-Trent
  • Home
  • Properties
    • View All Properties
    • The Address Altrincham
    • The New School House Birmingham
    • The Exchange Preston
    • Holme House, Nottingham
    • The Silk Works Coventry
    • JQ Rise Birmingham
    • Icona York
    • Stone Cross House Bolton
  • Mortgages
  • Blog
  • Subscribe
  • Contact
  • The Maltings Burton-on-Trent
Animate On Scroll.

A PIECE OF ENGLAND

A UK buy to let property blog

3/8/2020

Nationwide House Price Index - July 2020

 
House price growth rebounded in July as activity bounces back, with prices up 1.7% month-on-month.
Picture

Headlines

  • ​Annual house price growth recovers to 1.5% in July
  • Prices up 1.7% month-on-month, after taking account of seasonal factors, reversing last month’s fall
  • Stamp duty holiday likely to provide further support in the near term

Robert Gardener, Chief Economist

“UK house prices rose by 1.7% in July, after taking account of seasonal effects, offsetting the 1.6% fall in June. As a result, annual house price growth recovered to 1.5%, from -0.1% last month. On a seasonally adjusted basis, house prices in July were 1.6% lower than in April.

“The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of 
lockdown restrictions. 

​
“The rebound in activity reflects a number of factors. Pent up demand is coming through, where decisions taken to move before lockdown are progressing.

​“Behavioural shifts may be boosting activity, as people 
reassess their housing needs and preferences as a result of life in lockdown. 
Picture
Picture
Picture
Click image to enlarge
Our own research, conducted in May, indicated that around 15% of people surveyed were considering moving as a result of life in lockdown.

“Moreover, social distancing does not appear to be having as much of a chilling effect as we might have feared, at least at this stage.

“These trends look set to continue in the near term, further boosted by the recently announced stamp duty holiday, which will serve to bring some activity forward.

“However, there is a risk this proves to be something of a false dawn. Most forecasters expect labour market conditions to weaken significantly in the quarters ahead as a result of the after-effects of the pandemic and as government support schemes wind down. If this comes to pass, it would likely
dampen housing activity once again in the quarters ahead."

​All content from Nationwide. The full report can be found here

Comments are closed.

    Categories

    All
    Midlands
    Mortgages And Tax
    North
    North West
    Property Market
    Property Prices
    Rental Market

    Top floor? Corner unit?

    Subscribers get first choice. We'll let you know the day we post a new development to the website.
    SUBSCRIBE
    Picture

    NOTTINGHAM

    1 bedroom apartments just 15 minutes from the city centre
    From £119,995
    DETAILS
    Picture

    BIRMINGHAM

    Located in the city centre's most fashionable district
    From £199,500
    DETAILS
    Picture

    PRESTON

    High yield city centre apartments
    From £124,041
    DETAILS
    Picture

    YORK

    High end apartments in York's historic city centre
    From £245,000
    DETAILS