Market Insight - August / September 2019
Search for a property

Market Metrics

Transactions (HMRC)

So far this year transactions in Great Britain are 1.4% lower than the same period in 2018. However given the economic uncertainty the monthly figures remain volatile. Following a promising March and April, May was a weaker month with transactions falling 5.9% year-on-year. As uncertainty continues to linger, more households are choosing to stay put and re-finance rather than move.

Source: HMRC

Mortgage Approvals

Bank of England mortgage approvals, which are a good indicator of future transactions, showed a more resilient start to 2019. Despite a 4.5% year-on-year fall in mortgage approvals in May, so far this year approvals are 1.1% higher than the same period in 2018. Both the number of households purchasing homes and the number of households re-mortgaging are up year-to-date.

Source: Bank of England

Sales

Source: Land Registry

Interest Rates

 

Source: Bank of England

House Price Growth (Q1 2007 = 1.0)

Source: Hamptons International & Land Registry 

Sold Above the Asking Price

Source: Hamptons International

Days to Sell

Source: Hamptons International

Economy Focus Market Metrics Lettings Sales

We use cookies on our website which are strictly necessary to ensure optimal site performance, functionality and for analytics. You can manage your cookie preferences via your browser settings. To learn more about the different types of cookies and how we use these, please see our Cookies Policy.
x