Housing Market Bulletin February.

March 2, 2016

Housing Market Bulletin for February 2016 published yesterday by the Home and Communities Agency.

House prices: Despite the seasonal price dip, the trend for average house price change continues to be steady growth.

Housing market: Estimated gross mortgage lending for 2015 was 8.2% higher than in 2014, and the highest annual total since 2008. The seasonally adjusted number of residential sales has generally been increasing steadily for more than a year.

Construction: Numbers of new homes built in 2015 were higher than in 2014. Urban residential development land values have increased.

Economy: Q4 GDP increased by 1.9% year-on-year, the unemployment rate has continued to decline, and consumer price inflation remains near zero.

To read the Housing market Bulletin in full visit GOV.UK

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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