Market Index
House price inflation eases to +9.6% – UK HPI
The official UK House Price Index tells us that average property prices increased over the year to January; in England to £292,000 (9.4%), in Wales to £206,000 (13.9%), in Scotland to £183,000 (10.8%
Property transactions drop by a fifth
Around 21% fewer residential property transactions were recorded by HMRC in February 2022 compared to the same month in 2021.
Supply improves but agents’ books ‘are still bursting with those who have missed out on previous properties’
"The amount of properties going for over the asking price is still a figure that’s over three times more than what we would see in a pre-pandemic market," says Propertymark's CEO, "but with the cost o…
Rental price inflation cools as affordability pressures bite
"Rental growth is slowing as affordability pressures bite," says Hamptons - which expects expect rents across Great Britain to end the year 2.5% up on 2021, down from 7% today.
Property market gathers pace as buyer demand climbs again
"There is little evidence yet that the mood music regarding the expectations for house prices or rents is shifting," says RICS chief economist
Rightmove records biggest ever monthly asking price jump
"People are by no means done with their pandemic-driven moves," says Britain's biggest property portal, which has just recorded record house price inflation
Propertymark reports 80% jump in new instructions, but sales stock remains at a record low
"There is certainly no let-up in demand, but the supply line appears to be recovering at a quicker pace and edging towards a rebalancing of the market," says Propertymark chief Nathan Emerson.
‘It looks as though there are brighter days ahead for the UK housing market’ – OnTheMarket
It's been a "strong start" to the year, says property portal OnTheMarket, although "the super-charged heat of the last two quarters has, to some extent, tailed off."
Monday Market Review: 14th Feb 2022
PrimeResi's weekly summary of key property market stories and indices.
PCL prices increased by 1.6% in Q4, but remain 11% below their 2015 peak
"The significant recovery in the PCL lettings market, witnessed during Q4 2021, together with the easing of the Covid travel restrictions, could be a precursor of what lies ahead for the sales market in…
‘The outlook for both prices and rents remains a little worrisome’ – RICS
Buyer and tenant demand increased further in January, while the supply of properties for sale and rent continued to fall short.
New Year demand for property up 50% – Zoopla
“There are signs that the imbalance between demand and supply is starting to ease,” says Zoopla in its latest market update.