Nationwide's numbers show a continuing upward trend this month - but with a big caveat. While they are based upon transactions during April, the mortgages were approved before the property market shutdown towards the end of March.
New build starts in 2019 were just 151,000 and completions 179,000. With Covid costing an estimated 50,000 plus homes this year, the government's target of 250,000 per annum is looking steadily more remote. The housing shortage continues to deepen.
Another solid piece from Zoopla/Hometrack, looking at the state of play in the housing market. Their research suggests a huge decline in transactions in April, but with some pick up in demand towards the end of the month.
A useful report from Zoopla/Hometrack, detailing the immediate effects of the pandemic on the UK's rental market, clearly showing an immediate and large drop in demand for rental properties, but signs of a pick up as April progressed.
Annual house price growth edged higher before the pandemic struck the UK. Prices rose 0.8% in March, taking the annual change to 3.0%. However, these figures do not include the end of the month when the Covid restrictions came into effect.
Although Hometrack's monthly report covers February property prices, it offers an excellent summary of the market's initial response to the Covid pandemic.
Annual house price growth edges up to 2.3%, the strongest rate for 18 months
0.3% rise month-on-month, after taking account of seasonal factors
Having spent years promoting buy to let, newspapers and their websites have more recently been using negative headlines to draw in readers. However, figures from the mortgage lenders indicate that the number of mortgages issued for new buy to lets is rising. So what is actually going on?
This month's Cities Index is the second in a row to record a 3.9% increase year-on-year. This is taking average prices up to a nearly 3-year high. Supply is still flat and outpaced by demand, at 2.6%.
As one of the largest initiatives of its kind in Europe, the regeneration of South Bank in Leeds city centre is an exceptional opportunity for astute property investors.
Clients often ask if they should buy a car parking space with their new buy to let. A staight forward question but one which goes right to the heart of the future of transport in the UK's major cities.
A monthly look at UK property prices as published by Nationwide - one of the UK's largest mortgage lenders. A small uptick of 0.5% in January, taking the 12 month increase to 1.9%, The average house price according to Nationwide's measure now stands at £215,897.
Whilst we would never argue against a well structured pension plan, we firmly believe that property should form part of any retirement strategy. Here's how to get the biggest bang for your buck.
Online property portals experienced a big rise in website visitors towards the end of last year. Well, they're not just browsing. They're buying, with mortgage approvals at their highest level for years.
Over recent years, the regional cities have been the highest performers for property price growth, comfortably exceeding the national averages. Will it be the same this year and, if so, which will be the ones to watch?