UK HPI – Prices jump 2.2% as market regains momentum

January 21, 2020

Director of lettings and estate agent Benham and Reeves, Marc von Grundherr, commented:

“Promising signs from a battle-weary property market with a notable lift in the rate of house price growth both on a monthly and annual basis, and while the recovery continues to be slow but steady, we are in a far better place than we found ourselves the previous year.

The ‘Boris bounce’ has already brought a rejuvenated level of market confidence and a potential cut to interest rates in the near future should also stimulate buyer sentiment as the cost of borrowing remains favourable for those looking to climb the ladder.

This heightened market activity will go a long way in jump starting the market and the rate of house price growth, which may have been coasting until now, but should soon move through the gears with ease.” 

Founder and CEO of Stone Real Estate, Michael Stone, commented:

“The latest figures demonstrate a property market that continues to defy the wider economic landscape and rebuild on the form of more buoyant years gone by.

This growth continues to be led by the new build sector, with buyers opting for new builds less wary of future price decline due to the better quality of these developments. This continued optimism is seeing new build price growth far outstrip that of the regular market and this is a trend that will no doubt continue.

Perhaps the leading indicator of overall market health is the performance of the London market and it would seem as though the tide is certainly starting to turn. While London price growth remains muted, the capital has shifted from the bottom of the table and should continue to climb the ranks as the year progresses.”

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Rightmove logo
Breaking News

Richmond upon Thames crowned 2026’s happiest place to live

Richmond upon Thames has been crowned the happiest place to live in Great Britain, reclaiming the top spot after winning in 2023 and finishing second last year In second place is Harrogate in Yorkshire and the Humber, and in third place is Cirencester, Gloucestershire in the South West Kirkcaldy is the happiest place in Scotland,…
Read More →
Estate Agent Talk

What the sector must do differently to engage with young people

By Neil Louth – Group Executive Director, LRG and CEO, Acorn Group The property sector needs to start by recognising that younger buyers are not simply less committed to homeownership. Many still want the security and long-term stability it can offer, but they are making that judgement in a very different market. Deposits take longer…
Read More →
Breaking News

Persistent decline to give way to recovery in 2027

Glenigan’s Autumn 2026 Construction Forecast maintains that sector growth will revive in 2027, despite a challenging year of market stagnation Following a sluggish end to 2026, construction is set to rebound from 2027 onwards as public sector building increases Significant value gains expected for health, education, civils, offices and data centre projects Private and social…
Read More →
Estate Agent Talk

The Plumbing and Electrical Problems That Quietly Kill Sales and Lettings

We’ve all had one of these. The offer’s agreed. Everyone’s happy. The memorandum of sale has gone out, and you’re already mentally banking the fee. Then the buyer’s survey comes back. “Electrics appear dated. Recommend inspection by a qualified electrician.” And just like that, the mood changes. The buyer starts asking about a reduction. The…
Read More →
Breaking News

Rental price and average salary tracker – October 2026

Rental prices rise across most regions as affordability pressures persist Average monthly rents increased in eight of the 11 regions between September and October, with Wales recording the largest rise at 31.1%, followed by the North East at 29.8% and the South West at 7.5%. Scotland, London and the North West were the only regions…
Read More →
Letting Agent Talk

Portfolio landlords have outgrown traditional property management

By Adam Hills, Client Services Director, LRG Living Markets The residential lettings industry still manages many large portfolios as though they’re simply collections of individual tenancies. While that works on small portfolios, but it doesn’t work when landlords own 50, 100 or 200 properties. At that point, the challenge is no longer property management alone…
Read More →