Commentary by Ruban Selvanayagam
- According to the latest UK House Price Index, average house prices saw an annual price rise of 10.2% (to October 2021).
- The latest Hometrack UK Cities House Price Index reported that Liverpool saw the greatest year-on-year house price growth at 10.7%. This was followed by Manchester (8.5%), Nottingham (8.1%) and Sheffield (8.0%).
- The most recent Royal Institute of Chartered Surveyors (RICS) report observed that a lack of new listings has seemingly been restricting sales, despite a pick-up in buyer enquiries, house price growth remains firm across the UK and solid tenant demand and a shortage of rental properties are expected to drive rents higher.