2020 first half Uk House Price Index

Thu 06 Aug 2020

2020 first half Uk House Price Index - 


- Momentum from start of year and post lockdown continues to support headline rate of house price growth.
- UK house price inflation in the 12 months to June 2020 edged higher to +2.7%, the highest level of annual growth for almost 2 years.
- Activity levels have rebounded strongly post lockdown but year to date volume of sales agreed are 20% lower than in 2019.
- The lockdown and 2-month closure of the housing market has impacted the dynamics of supply and demand which influence the near-term direction of pricing.
- Stamp duty changes have delivered an immediate boost to sales in London.
- The headline UK house price index to remain in the 2-3% annual growth range for the remainder of the year.
- UK house price growth rate set to remain positive for 2020, house price falls will come in 2021 with scale dependent upon economic impact.
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"Dear Enver and Citywharf Team, We were so pleased to finally sell our house and want to thank you for all your hard work. We made a great choice in real estate agents when we chose you as you always made an effort to communicate and gave us plenty of notice when potential vendors were coming to inspect our house. We felt very comfortable with you and felt confident that you could get us the best possible price for our house. We wouldn’t hesitate to recommend you to anybody who is contemplating selling or buying and wish you all the continued success "
Mr and Mrs Banks