Commentary by Ruban Selvanayagam
- According to the latest UK House Price Index, average house prices saw an annual price rise of 10.9% (to February 2022)
- The latest Hometrack UK Cities House Price Index reported that Liverpool saw the greatest year-on-year house price growth at 10.1%. This was followed by Nottingham (9.8%), Manchester (9.5%) and Bournemouth (9.4%)
- The most recent Royal Institute of Chartered Surveyors (RICS) report observed that buyer demand and sales continued to rise at a modest pace in March, the new instructions indicator turned positive for the first time in twelve months and that house price growth remains firm at the headline level.