Commentary by Ruban Selvanayagam
- According to the latest UK House Price Index, average house prices saw an annual price rise of 8.6% (to February 2021)
- The latest Hometrack UK Cities House Price Index reported that Manchester saw the greatest year-on-year house price growth at 6.5%. This was followed by Liverpool (6.3%), Leeds (5.4%), and Nottingham (5.2%)
- The most recent Royal Institute of Chartered Surveyors (RICS) report observed that buyer enquiries and agreed sales have gained significant impetus following stamp duty holiday extension; house prices continue to move higher across the UK; forward looking indicators point to renewed momentum being sustained over the near term.