Commentary by Ruban Selvanayagam
- According to the latest UK House Price Index, average house prices saw an annual price rise of 10.6% (to August 2021)
- The latest Hometrack UK Cities House Price Index reported that Liverpool saw the greatest year-on-year house price growth at 10.4%. This was followed by Manchester (8.7%), Sheffield (7.8%) and Belfast (7.5%).
- The most recent Royal Institute of Chartered Surveyors (RICS) report observed that sales and instructions reportedly softened again over the month of September. However, with buyer demand stabilising, sales are expected to hold broadly steady going forward and house price growth has decelerated somewhat but remains firm right across the UK;
- “Such trends are expected to remain moving into 2022 over in the US also,” comments Robin Watson of Woodhgroup Mortgages (FHA Loan);
- “This may also mean that the real estate market across many US states could undergo a period of transformation – especially if inflation proves to be beyond transitory,” comments our buyer contacts across the pond at Sell House Fast Houston.