House Prices Highest Level In Two Years

September, 2020

  • The latest ONS data shows that UK house prices have increased by 3.4% to £237,834 in the year to June 2020. The mini post lockdown boom pushes house price growth to the highest level since March 2018.
  • House prices in East Midlands saw the largest annual increase, 4.5% followed by the North West, 4.4% and the South West 4.3%.
  • The North East saw the smallest annual increase, 1.7%, followed by the South East, 2.1% and the East, 2.6%.
  • The August sentiment survey by Royal Institution of Chartered Surveyors showed a net balance of +22% of agents expecting house prices to increase over the next 3 months and +27% over the next 12 months.

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