Commentary by Ruban Selvanayagam
- According to the latest UK House Price Index, average house prices saw an annual price rise of 0.7% (to October 2019);
- The latest Hometrack UK Cities House Price Index reported that Edinburgh saw the greatest year-on-year house price growth at 5.4%. This was followed by Manchester (4.7%), Leicester (4.5%), Birmingham (4.1%), Nottingham (3.9%) and Liverpool (3.8%);
- The most recent Royal Institute of Chartered Surveyors (RICS) report stated that Buyer enquiries and new instructions continue to fall (although the pace of decline eases); near term sales expectations turn marginally positive for the coming three months and respondent surveyors anticipate prices will return to growth over the next twelve months;
- See a range of insights and forecasts via this year’s property expert forecast post.