RICS UK reports that September has seen steadier trends in buyer demand following a drop off that came after the stamp duty expiration flurry of activity. There is now supporting expectations that the sales market will stabilise, although lack of supply remains a hurdle.
Halifax reports the following metrics in September:
Average UK property price now at record £267,587
Annual house price inflation up to 7.4%, up from 7.2%
Wales and Scotland continue to outperform the UK average
Government Land Registry House Prices Index – August 2021
| Region / County | 1 Month % | 3 Month % | 6 Month % | 12 Month % | 24 Month % |
|---|---|---|---|---|---|
| England | 3.18% | 4.13% | 4.86% | 9.82% | 12.72% |
| Wales | 2.76% | 4.41% | 7.79% | 12.47% | 15.67% |
| London | 5.58% | 6.83% | 7.09% | 7.45% | 11.25% |
| South East | 1.89% | 3.34% | 4.99% | 8.70% | 10.95% |
| South West | 4.16% | 3.22% | 3.47% | 8.86% | 11.74% |
| West Midlands Region | 0.78% | 2.79% | 4.34% | 9.49% | 12.54% |
| East of England | 2.85% | 4.14% | 5.22% | 9.58% | 11.70% |
| East Midlands | 2.66% | 3.37% | 3.81% | 10.34% | 13.49% |
If you have an investor looking to make a move in the property market then contact us today on 0117 937 4333 or send us an enquiry to enquiries@blackandwhitebridging.co.uk, to find out how we can help.
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Sources: Index data taken from Government Land Registry House Price Index – Aug 2021, September statistics taken from Halifax House Price Index, Nationwide House Price Index, RICS UK Market Survey
