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
- Home-owner lending reached £11.6bn in December
- Q4 lending totalled 182,000 loans
- Buy-to-let lending down 7% by volume
UK UNEMPLOYMENT FIGURES
- At 4.8%, the unemployment rate is down from 5.1% one year earlier
- 8.86 million people aged from 16 to 64 were economically inactive
- 31.84 million people in work, 302,000 more than one year earlier
HOUSE PRICES HEADLINE STATISTICS
- Average UK house price stands at £219,544
- East of England experienced highest annual change (11.3%) to average £281,513
- North East England experienced the highest monthly increase (2.3%) to average £128,631