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
- 2017 saw highest number off first-time-buyers in decade
- 5,300 new Buy-to-Let mortgages completed in December
- There were 30,800 First-time-Buyers in December
UK UNEMPLOYMENT FIGURES
- There were 32.15 million people in work
- There were 901,000 people (not seasonally adjusted) in employment on “zero-hours contracts”
- Unemployment rate at 4.4%
HOUSE PRICES HEADLINE STATISTICS
- The North East of England saw the highest monthly gain of 2.7%
- The South East of England saw the only monthly decline (-0.5%)
- London average house price now £484,173