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 reached £20.5 billion in September
- Highest September gross mortgage lending figure since 2007
- Q3 2016 lending 11% higher than Q2
UK UNEMPLOYMENT FIGURES
- Unemployment rate at 4.8%, lowest since July / September 2005
- There were 31.8 million people in work
- 23.24 million people working full-time and 8.56 million part-time
HOUSE PRICES HEADLINE STATISTICS
- Housing market indicators for September suggest a period of relative stability
- Average UK house price now stands at £217,888
- RICS reports modest increase in new buyer enquiries