Property Review – September 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

  • “July saw steady growth in gross mortgage lending, driven largely by remortgaging as homeowners locked into attractive deals in anticipation of the recent base rate rise.”

HOUSE PRICES HEADLINE STATISTICS

  • UK house prices rose by 3.1% in the year to July 2018
  • House prices grew fastest in the North West region, increasing by 5.6%
  • House prices in London fell by 0.7% in the year to July 2018