The Hometrack UK House Price Index analyses housing market trends at a city level on a monthly basis – across 20 cities, plus regions, and nationally.
Executive summary
- Annual UK house price inflation is at 1.3%
- Demand (+4%) and sales agreed (+5%) are higher than last year
- Stronger buyers’ market southern England is keeping price inflation in check while price inflation higher in northern England
- Homes are selling fastest in northern England (27 days) but taking longer to sell across southern England (39 days)
- It takes 2.4x longer to sell a home if the asking price is cut
- Sellers need to discuss sales strategies and pricing ahead of the autumn selling season that starts in September
- Property tax speculation in the media could make some buyers and sellers pause ahead of the Autumn Budget
You can download the latest full report from the Hometrack website.