Market Insight - August / September 2019
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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


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

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