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

  • Mortgage lending steady at £21.4bn
  • Gross Buy-to-let lending down 21% on year
  • Average buyers income multiple now 3.55 X

UK UNEMPLOYMENT FIGURES

  • Unemployment rate remains at 4.9%
  • There were 31.77 million people in work
  • ƒƒ559,000 more people in work than a year earlier

HOUSE PRICES HEADLINE STATISTICS

  • ƒƒHouse price pressure continues to grow in July
  • ƒAverage UK house price now stands at £216,750
  • ƒƒUK home sales fell by 0.9% in July