Summer property market review
Thu, Jul 11, 2019
We bring you the latest trends in the UK's housing market, with a detailed focus on our region
The average price of a property across the UK was £228,903 in the year to April, 1.4% higher than a year ago. On a monthly basis, average prices rose by 0.7%, the first rise in monthly prices since August 2018.
8 in 10 homeowners expect property prices to rise according to the latest Housing Sentiment survey by Zoopla. On average homeowners expect prices to rise in the region of 4.8%. This is substantially higher than the current level of house price growth (1.4%).
Positive consumer sentiment plays a key role in the housing market, encouraging both prospective purchasers and vendors, although sensible pricing in the current market remains crucial to closing a sale.