Housing market indicators for January suggested moderate demand which continues to outmatch supply.
March 21, 2017
Published today from the Land Registry available on the Gov.UK website UK House Price Index summary: January 2017.
This is a monthly report that shows changes in average house prices for England, Scotland, Wales and Northern Ireland.
Statistics for January2017 show that the average price of a property in the UK was £218,255.
Housing market indicators for January suggested moderate demand which continues to outmatch supply. UK House prices grew by 6.2% in the year to January 2017, 0.5 percentage points higher than December 2016. However this still remains below the average annual house price growth seen in 2016 which was 7.4%.
Read the UK House Price Index summary for January 2017 in full click here
You May Also Enjoy
77% of buyers refuse to buy a flood risk property
Despite 4.7 million English homes facing flood risk New research from Lyons Bowe has revealed that 77% of homebuyers would not consider purchasing a property in a flood risk area, despite more than 4.7 million homes across England currently being deemed at risk of flooding. The findings come as the Government launches a new flood taskforce amid…
Read More 
Poor Communication becomes Expensive at Scale
The hidden cost of fragmented property management By Adam Hills, Client Services Director, LRG Living Markets A landlord asks for an update on a repair. The property manager asks the contractor, who is waiting for access from the tenant. Meanwhile, the accounts team has received an invoice but cannot tell whether the work is complete.…
Read More 
When Estate Agents Decide to Go Solo
Leaving an established estate agency to work independently gives experienced agents more control over fees, client service and working hours. It also brings responsibility for compliance, cash flow and every part of the customer experience. Before handing in your notice, test the idea against realistic sales volumes, local competition and the amount of time you…
Read More 
What Should Buyers Ask Before Reserving a New Build?
Research from Skipton Building Society has found that 44% of aspiring first time buyers would rather buy a new build than an older property, with just 30% favouring an older build. Modern fittings and appliances were the biggest draw, cited by over half of those who preferred a new build, alongside the promise of lower…
Read More 
The UK cities with the largest property price increases revealed
A new study has unveiled the most challenging UK cities for first-time buyers. Newry leads Northern Ireland’s ranking, with a property price increase of 12.8%, while Hull leads Great Britain’s ranking, recording an increase of 6.6%. The research examined data from HM Land Registry to reveal the cities that have faced the highest property price…
Read More 
The UK’s Most Expensive Property Hotspots Revealed
More than one in three homes sold in Camden last year fetched at least £1 million, making it the UK’s leading million-pound property hotspot in a new study of England and Wales. But despite London’s dominance at the top of the rankings, the research reveals a surprising trend: median sale prices in several expensive London…
Read More