Housing Market Bulletin for November

December 1, 2015

The Homes and Communities Agency yesterday released their Housing Market Bulletin for November. In summary they reported the following:

House prices: Steady national average price increases disguise shifting regional trends. Average rises in the southern regions remain strongest but have eased, whilst growth has returned to all other regions’ average price levels.

Housing market: The seasonally adjusted trend in the number of home sales has generally
been upwards in 2015, and total mortgage lending continues to increase.

Construction: Housing completions have increased 15% year-on-year, led by the
private sector. Overall construction industry output fell by 2.2% in Q3.

Economy: Q3 GDP increased by 2.3% year-on-year, the unemployment rate has continued to decline, and consumer price inflation remained near zero.

To read report in detail visit: https://www.gov.uk/government/publications/housing-market-bulletin

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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