Property 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.
The big picture - house prices up 6.5% year-on-year
From Nationwide Building Society
October saw property transactions rise to 105,600, the highest level since 2016, while mortgage approvals for house purchase in the same month were at their highest level since 2007 at c97,500.
At the city-by-city level
According to the Zoopla/Hometrack Cities Index -
Following the pattern since the end of the first lockdown, the North, Northwest and Midlands have seen the greatest increases in property values. The biggest movers for October -
At the start of 2020, many businesses operating in the housing market were expecting a bumper year as market activity ramped up in the wake of the General Election. The pandemic put paid to that in the second quarter, but the scale of the rebound has driven a remarkable turnaround.