Commentary by Ruban Selvanayagam

• According to the latest UK House Price Index, average house prices saw an annual price rise of 4.7% (to September 2020);
• The latest Hometrack UK Cities House Price Index reported that Nottingham saw the greatest year-on-year house price growth at 5.3%.  This was followed by Manchester (5.2%), Leeds (4.9%) and Liverpool (4.5%);
• The most recent Royal Institute of Chartered Surveyors (RICS) report observed that survey feedback was still pointing to strength in buyer enquiries, agreed sales, new instructions and prices; near term sales expectations were modestly positive despite second lockdown and sentiment on the twelve-month sales outlook a lot more subdued in comparison.