Property Review – October 2018

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 house purchase completions remain stable, driven largely by the number of first-time buyers which reached its highest monthly level since June 2017.

HOUSE PRICES HEADLINE STATISTICS

  • UK house prices rose by 3.2% in the year to August 2018
  • House prices grew fastest in the East Midlands region increasing by 6.5% in the year to August 2018
  • Annual growth in London house prices has been around zero for the last 6 months