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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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