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New Job Support Scheme announced by the Chancellor

24 September 2020

In a speech in the House of Commons today, 24 September, Rt Hon Rishi Sunak MP, outlined the UK Government’s next stage of the economic plan to protect jobs over the winter period with the announcement of a new Job Support Scheme. Read More...

Scottish moving homes guidance updated

24 September 2020

Further to the announcement on 22 September by First Minister Nicola Sturgeon, where stronger measures to tackle the rise in COVID-19 infection rates were implemented, the Scottish Government has now updated its guidance on moving home. Read More...

New Chief Executive Officer of Propertymark appointed

24 September 2020

Tim Balcon joins Propertymark today, 24 September, as Chief Executive Officer, which is a newly created role, bringing over 20 years’ experience in membership and sector organisations. Read More...

Land Registry House price data shows less than 1 per cent rise in the past year

Tuesday 24 December 2019

House price data for October 2019 has been released by HM Land Registry, showing that UK house prices fell in the month to October 2019, but have raised 0.7 per cent year on year.

UK house prices

The UK Property Transaction Statistics for October 2019 showed that on a seasonally adjusted basis, the number of transactions on residential properties with a value of £40,000 or greater was 103,680. This is 4.3 per cent higher than a year ago. Between September 2019 and October 2019, transactions increased by 4.3 per cent.

House price growth was strongest in Northern Ireland where prices increased by 4 per cent over the year to Quarter 3 (July to September) 2019. The lowest annual growth was in London, where prices fell by 1.6 per cent over the year to October 2019.

In England the October data shows, on average, house prices have fallen by 0.7 per cent since September 2019. The annual price rise of 0.5 per cent takes the average property value to £248,939.

Yorkshire and the Humber experienced the greatest monthly price rise, up by 0.9 per cent.

The North East saw the most significant monthly price fall, down by 2.3 per cent.

Yorkshire and the Humber experienced the greatest annual price rise, up by 3.2 per cent.

London saw the largest annual price fall, down by 1.6 per cent.

On average, Welsh house prices have risen by 0.7 per cent since September 2019. An annual price rise of 3.3 per cent takes the average property value to £166,245.

Repossession sales

The lowest number of English repossession sales in August 2019 was in the East of England, with the highest being in the North West. There were 41 repossession sales for Wales in August 2019.

PROPERTYMARK HOUSING MARKET REPORTS

The latest Propertymark Housing Market Report is now available. 

Housing Market Report