Property Review – April 2018

Our monthly property market review is intended to provide background to recent developments in the property markets as well as to give an indication of how some key issues could impact in the future.

Overview

MORTGAGE ACTIVITY

  • Gross mortgage lending in February is estimated at £19.0bn
  • Remortgage approvals in the month up over 9%
  • “borrowers look to lock in to attractive deals amid speculation of further interest rate rises later this year”

HOUSE PRICES HEADLINE STATISTICS

  • UK house prices grew by 4.4% in the year to February 2018, down from 4.7% in the year to January 2018.
  • Average house price currently sitting at £225,047