Market Insight - June / July 2019
Search for a property

Market Metrics

Transactions (HMRC)

Transactions are pretty flat in Great Britain. In the first quarter of 2019 there were -0.4% fewer sales than in Q1 2018 according to Land Registry. March was a little more promising, with a 0.4% year-on-year rise in completions in Great Britian, driven by a 2.0% annual increase in England. We expect transactions to remain similar to 2018 levels for the rest of the year.

Source: HMRC

Mortgage Approvals

Bank of England mortgage approvals, which are a good indicator of future transactions, showed a more resilient start to 2019. Mortgage approvals rose by 2.0% in Q1 2019 compared with Q1 2018. However, the increase was mainly driven by a 4.6% increase in re-mortgage activity compared with just a 0.1% rise in house purchase approvals. As uncertainty continues to linger, more households are choosing to stay put and re-finance rather than move.

Source: Bank of England



Source: Land Registry

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.