Property Review – May 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 March is estimated to have been £20.5bn
  • This is 2.3% lower than one year earlier

HOUSE PRICES HEADLINE STATISTICS

  • UK house prices grew by 4.2% in the year to March 2018
  • Scotland showed the highest annual growth at 6.7%
  • The second fastest growing region was the East of England at 5.8%