Latest News

Buy-to-let mortgages stable despite overall market slowing

13 November 2019

Latest data has revealed an overall slowdown in mortgages despite the stability in the buy-to-let market with an expected further growth of 1 per cent in the next quarter. Read More...

Council of Dragons to advise Government on proptech

11 November 2019

Housing Minister Esther McVey has unveiled a new expert advisory council dedicated to the digital transformation of the property sector. The new Proptech dragons will advise ministers on how to support and grow the sector further, making it easier and cheaper to plan, build and buy new homes. Read More...

Internal communications lapse led to huge fine for estate agent

07 November 2019

Agents are encouraged to review their internal communications procedures, after a prominent Reading estate agent was fined for failing to disclose that a flat was cladded with Aluminium Composite Material (ACM) until minutes after the sale was completed. Read More...

General Election 2019 – Time to Regulate and Reform the Housing Sector

04 November 2019

Ahead of the political parties finalising their manifestos for the forthcoming General Election, Propertymark has published its own ‘manifesto’ calling on the new Government to regulate and reform the housing sector. Read More...

Bournemouth estate agent ordered to pay for misleading customers

01 November 2019

A Bournemouth estate agent must pay out tens of thousands of pounds for misleading its customers and allowing one of its employees to value a house they wanted to own. Read More...

UK House Price Index – latest figures

Friday 18 October 2019

The latest UK House price index shows that, on average, house prices have risen by 0.8 per cent between July and August 2019. An annual price rise of 1.3 per cent makes the average property in the UK valued at £234,853

In England, the August data shows that, on average, house prices have risen by 0.8 per cent since July 2019. The annual price rise of 1.1 percent takes the average property value to £251,233.

The North East experienced both the greatest monthly (3.1 per cent) and annual (3.3 per cent) price rise. London saw the both most significant monthly (1.3 per cent) and annual (1.4 per cent) price fall. In Wales, on average, house prices have risen by 2.3 per cent since July 2019. An annual price rise of 4.5 per cent takes the average Welsh property value to £168,318.

The Bank of England’s Agents‘ summary of business conditions – 2019 Q3 (https://www.bankofengland.co.uk/agents-summary/2019/2019-q3) reported that the housing market softened, reflecting a lowering of both supply and demand. Demand for lower-priced properties was more resilient. 

The Bank of England’s Money and Credit release (https://www.bankofengland.co.uk/statistics/money-and-credit/2019/august-2019) reported that mortgage approvals for house purchase decreased in August 2019 to 65,500. This is down from the previous peak seen in July 2019 of 67,000 but remained within the range seen over the past 3 years.

Propertymark’s Housing Market Reports

Propertymark’s own Housing Market Reports provide crucial insights by our members, such as the supply of available properties, demand for properties, market trends, and more.

Housing Market Reports