Have house sales slowed down UK?

Have house sales slowed down UK?

UPDATE 30 September 2021: Nationwide House Price Index House price growth in the UK slowed sharply to 0.1% month-on-month in September, down from the 2.1% recorded in August. According to the Nationwide’s House Price Index (HPI), annual house price growth fell back to 10% this month, down from 11% in August.

What will happen to housing market 2021?

NAB has predicted Sydney’s house prices will rise by 17.5 per cent over 2021, while Commbank is predicting a rise of 16 per cent. Westpac has upgraded its price growth forecast for Sydney house prices to rise by 27 per cent this year, and 6 per cent in 2022 before correcting and dropping by -6 per cent in 2023.

What’s the outlook for the UK housing market?

In the recent PWC UK economic report, the company forecasts business investment to stay low, although 2020 national GDP levels will remain similar to 2019. In their UK housing report, PWC cites mounting affordability issues for workers in London. They believe house prices will rise only 1% across the nation.

What are the recent trends in the housing market?

There may be some evidence of changing consumer preferences as average prices increased more in rural areas than elsewhere from March 2020 and houses had higher price growth than flats. 2. Overview of recent trends in the housing market

Where is the largest increase in house prices in UK?

Wales, Scotland and Northern Ireland have seen the largest increase in prices in recent months, but they make up a considerably smaller proportion of the UK housing market than England, so they are unlikely to be driving the UK trend.

What was the number of houses sold in England in 2018?

The number of residential property sales recorded by HM Land Registry in England and Wales fell 5.3% to 856,420 in the year ending December 2018.

Share this post