Sept 2015 House Price Watch
This month's House Price Watch indicates house prices are up on average 0.4% in the past month and up 4.9% in the past year
Pace of annual house price growth continues to moderate, housing transactions up sharply in July and housing stock falls to a record low
July housing transaction figures suggest buyers were waiting for the results of the General Election before committing themselves to a house purchase
According to LSL estimates from Land Registry, transactions are up 13% in July vs June of this year (above the typical pattern of 5% for this time of year) to approximately 90,000, slightly above the level of transactions for the equivalent month in 2014.
Price rises expected as buyer demand holds and housing stock falls to record low
RICS surveyors reported the lowest ever number of properties on their books in July (on data extending back to the late 1970’s) while new buyer enquiries picked up.
Similarly, Rightmove report an 8% drop in the number of properties coming to market compared with the same period a year ago.
Rightmove research conducted among homeowners seriously considering a move establishes three key reasons for not yet putting a move in motion: not being able to find anywhere to buy, the cost of moving and difficulty finding an affordable property.
Regional Summary – East, South East and London regions greatest annual rise in house prices
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