Commentary by Ruban Selvanayagam

• According to the latest UK House Price Index, average house prices saw an annual price rise of 8.9% (to April 2021)
• The latest Hometrack UK Cities House Price Index reported that Liverpool saw the greatest year-on-year house price growth at 6.9%. This was followed by Manchester (6.8%), Nottingham (5.6%), and Leeds (5.5%)
• The most recent Royal Institute of Chartered Surveyors (RICS) report observed that demand growth is increasingly outstripping supply; house price inflation is accelerating further across the UK and lack of supply is also evident across the lettings market.