Our monthly property market review is intended to provide background to recent developments in the property markets as well as to give an indication of how some key issues could impact in the future.
Overview
MORTGAGE ACTIVITY
“Overall remortgaging for both residential and buy-to-let properties have levelled out after a period of strong growth. This reflects the number of fixed rate loans reaching maturity.” – Jackie Bennett, Director of Mortgages at UK Finance
HOUSE PRICES HEADLINE STATISTICS
- UK house prices rose 3.5% in the year to September 2018
- On a non-seasonally adjusted basis, average house prices in the UK were unchanged between August and September
- House prices grew fastest in the West Midlands region, increasing by 6.1% in the year to September