Property Market Update – November image

Property Market Update – November

House Prices

October November % Change
Nationwide House Price Index (Seasonally unadjusted) 250,311 252,687 0.95%
Halifax House Price Index (Seasonally adjusted) 267,587 270,027 0.91%
Rightmove House Price Index 344,445 342,401 -0.59%

HMRC completions

HMRC reports 65,000 transactions completed for October which is 54% lower than 145,000 completed in September in England. In Scotland and Wales over 16,000 transactions completed in October.

New Build Market

Government has invested almost £20Bn in new housing. In 2020 115,455 new build home sales completed in England and Wales. NHBC reported the completions were 23% down from 2019. 123,151 new homes were registered in 2020 down from 23%.

Budget

Mortgage Market

27 Tech Statisticss

27 Tech Statistics

Key Lender Takeaways

Check Affordability

Rental Market

Private rental prices paid by tenants in UK rose by 1.5% in 12 months to October 2021 up from 1.3% in the 12 months to September 2021. Private rental prices grew by 1.5% in England, 1.2% in Wales and 1.6% in Scotland in the 12 months to October 2021. The South West saw the highest annual growth in private rental prices of 3% and London saw lowest with 0.1%.

How can WIS help you?

At WIS we look at whole of market and select the most suitable deal based on client priorities and circumstances. We discuss the individual circumstances with Business Development Managers when it is required and strive to obtain most suitable deals.

As a mortgage is secured against your home or property, it could be repossessed if you do not keep up the mortgage repayments.

As a mortgage is secured against your home or property, it may be repossessed if you do not keep up the mortgage repayments.

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