Commentary by Ruban Selvanayagam

• According to the latest UK House Price Index, average house prices saw an annual price rise of 11.8% (to September 2021)
• The latest Hometrack UK Cities House Price Index reported that Liverpool saw the greatest year-on-year house price growth at 10.6%. This was followed by Manchester (8.7%), Sheffield (7.9%) and Bournemouth (7.7%)
• The most recent Royal Institute of Chartered Surveyors (RICS) report observed that sales softened over the month of October, but buyer enquiries have returned to positive growth – and that while lack of stock remains an issue, with new instructions falling once again, house prices have continued to rise across the UK.