Property Review – March 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 January is estimated at £21.9bn
  • 9.7% higher than one year earlier
  • Above the monthly average of £21.4bn for 2017

HOUSE PRICES HEADLINE STATISTICS

  • UK house prices grew by 4.9% in the year to January 2018, down from 5% in the year to December 2017.
  • The largest annual price growth was recorded in Scotland, where prices increased by 7.3% over the year to January 2018.