Comment from Iain McKenzie on Halifax HPI:

The Guild Logo

High levels of property transactions continue to have a positive impact on house prices with the Halifax House Price Index reporting that house prices were +7.5% higher this year than they were in the same month in 2019.  The average house price in the UK is now £250,457, breaking through the quarter of a million ceiling for the first time ever.

Factors such as the stamp duty holiday, exceptionally high levels of mortgage approvals and the demand for larger homes with more space continues to drive the market and push prices up, a trend we expect to see over the next few months at the very least.

Despite the more stringent lockdown restrictions in place, both consumer sentiment and demand in the property market remains strong and the level of enquires and transactions remains unseasonably high. According to Yomdel, traffic to agent websites is currently 24% above average. The vast majority of Guild Member agents are the busiest they have ever been and are focusing on getting customers moved in ready for Christmas, as well as before the stamp duty deadline.

The real test of the property market will be after the first quarter of 2021, when stimulating factors such as the stamp duty holiday comes to an end. Other elements that will come into play at the same time include overseas buyers having to pay a 2% surcharge on homes, as well as the Help To Buy scheme will be restricted to first-time buyers with regional price caps.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

A Year on from Reform: Leasehold Practitioners Call for Clarity

A recent survey of ALEP members reveals widespread frustration over unfinished legislation and uncertainty A year after the Leasehold and Freehold Reform Act (‘LAFRA’) appeared on the Statute Books, a new survey of property professionals reveals that while reform remains welcome in principle, confusion and delay have left leaseholders, freeholders and their advisers in limbo.…
Read More
Countryside
Breaking News

Countryside charm continues to drive downsizer demand

The latest research from over-50s property specialists, Regency Living, reveals that England’s countryside locations continue to attract strong demand for park home living and lead the way in quarterly growth during Q2 2025. Regency Living analysed current park home for-sale stock listed across every English county, identifying where demand has increased the most since Q1…
Read More
Breaking News

South East tops table for shared living demand

The South East is home to the most competitive house share rental market in Great Britain. That is according to the House Share Demand Index for Q2 2025 from COHO, the HMO management platform, which found that one in five (19.9%) house share opportunities in the region were snapped up by tenants in the second…
Read More
Breaking News

Surge in choice for home buyers drags house price growth down to 1.4 per cent

Zoopla cautions serious sellers to price realistically to secure a sale Sales activity continues to run at the fastest rate for four years, with more homes for sale meaning more buyers looking to secure a sale However, UK house price growth slows to 1.4 per cent as the number of homes for increases 14 per…
Read More
Breaking News

UK monthly property transactions for May 2025

Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 81,470, 12% lower than May 2024 and 25% higher than April 2025 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 80,530, 13% lower than May 2024 and…
Read More
Breaking News

Construction Skills Mission Board (CSMB) shows the Government has a plan

The Construction Skills Mission Board (CSMB) held its first board meeting today (26 June 2025), where it set out a roadmap for recruiting 100,000 more construction workers a year by the end of Parliament. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The Construction Skills Mission Board (CSMB) is a recognition…
Read More