In the year to end October 2017 new build house prices rose on average by 5.0% across the UK which is down on last year’s figure of 6.0%. If Greater London is taken out of the calculation and we take a crude average of the remaining regions, then the average house price growth is 4.2% which is slightly down on last year’s figure of 4.6%. The latest Mortgage Market commentary from UK Finance says that housing market activity has been growing modestly since the start of the year. They note a shift in activity away from London and the South East towards the North and Wales and Scotland.
But overall sales volumes seem to be holding steady at present and the budget may yet stimulate the market.
Continued in the full report - please click on the link below to open...
Note: This month’s figures are based on projected data, generated whilst work is being undertaken on the data collection system.