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 for August is estimated at £24.20 billion
- Of which £15.10 billion was lent by High Street Banks
UK UNEMPLOYMENT FIGURES
- The unemployment rate was 4.3%, down from 5.0% for a year earlier and the joint lowest since 1975
- Jobless total at 1.44m
- Unemployment rate at 4.3%
HOUSE PRICES HEADLINE STATISTICS
- UK house prices grew 5.0% in the year to August
- The main contribution to the increase in UK house prices came from England
- The largest annual growth was in the North West at 6.5%