HOUSING MARKET REPORT: The average number of house hunters registered per member branch was the highest December on record at 461, with the average supply of properties continuing to fall to an average of just 19, 42 per cent less than in December 2020.
The Welsh Government have embarked on a three-pronged approach to tackle what many are calling a ‘second homes crisis’ in some areas across Wales.
HOUSING MARKET REPORT: The number of buyers registered per Propertymark member branch has increased by 12 per cent from October and the supply of properties continues to fall to just 20 homes per branch – the lowest ever recorded and 50 per cent less than November 2020.
HOUSING MARKET REPORT: The number of available properties per branch has decreased to 21, the lowest figure on record and 46 per cent lower than October 2020.
The purpose of Homes England was outlined in the Commons Housing, Communities and Local Government Committee session on 15 November 2021 where it uncovered important aspects of the workings of the department and actions taken to deliver UK Government policy on housing.
Housing stock has seen a 40 per cent decline since January 2021, according to figures released by Propertymark, despite strong seller’s market.
A combination of the Stamp Duty Tax holiday, which transitioned to a new phase at the end of June, as well as a nationwide shift in lifestyle needs during the pandemic bred record-breaking sales.
The new ‘three-pronged approach’ focuses on affordability and availability of housing, which includes plans for a pilot area, where new measures will be trialled and evaluated before a wider rollout.
On 16 June, the Welsh Government debated the housing crisis facing locals and Siân Gwenllian MS began the debate by introducing several housing issues that were echoed by other MSs in the Chamber.
Market activity continues to grow and the appetite from prospective buyers is such that many properties are not being listed on the property portals, as agents focus on fulfilling Consumer Protection Regulations, completing Property Information Questionnaires, and marketing properties to those proceedable buyers, already registered with the agency.
Housing markets are flourishing, with many experiencing high levels of demand and houses being sold on a best and final offer basis in much of the UK. Following the UK Government budget at the start of March, the latest figures for England continue to show growth.
With the demand for rental property on the increase and the sales market experiencing a significant rise in mortgage applications, lockdown hasn’t been a deterrent for buyers and renters determined to make a change.
The Northern Ireland Statistics and Research Agency have released their findings for the Northern Ireland House Price Index for the period between October and December 2019 and show the positive figures from previous quarters have continued throughout the year.
The most recent report from the Registers of Scotland has revealed the average house price for a property in Scotland during December 2019 was £151,603, an annual price increase of 2.2 per cent.
House price data released by HM Land Registry shows UK house prices rose slightly between October and November 2019.
The latest UK House price index shows that, on average, house prices have risen by 0.8 per cent between July and August 2019. An annual price rise of 1.3 per cent makes the average property in the UK valued at £234,853.