Commentary by Ruban Selvanayagam

• According to the latest UK House Price Index, average house prices saw an annual price rise of 2.2% (to November 2019);
• The latest Hometrack UK Cities House Price Index reported that Edinburgh saw the greatest year-on-year house price growth at 6.1%.  This was followed by Nottingham (5.2%), Leicester (4.7%), Manchester (4.5%), Liverpool (4.1%) and Birmingham (3.9%);
• The most recent Royal Institute of Chartered Surveyors (RICS) report stated that sales expectations improve noticeably both in the near term and twelve months ahead; enquiries rise while sales and instructions also increase (albeit more modestly) over the month and house price inflation anticipated to accelerate going forward;
• See a range of insights and forecasts via this year’s property expert forecast post.