Tag: Legal & General Housing Partnerships

Jeremy Duncombe, director, Legal & General Housing Partnerships said: “The first interest rate rise in a decade has evidently had only a limited impact on annual price growth, with prices continuing to rise in November.”

This represented a slight increase from 2015’s total of 1.23 million but was still well below the 2007 total of 1.61 million.

In 2016 there were 354,000 homemover transactions, 12% more than the lowest point of the recession in 2009 but 50% less than the 712,000 recorded in 2006.

The strongest growth was again reported in the West Midlands and North West as it was in October.

New build starts up 10%

The number of completions also rose by 6% from Q2.

House prices up 7.9%

South East drives demand

Activity increased in January with the market making a strong start to the year, the Bank of England’s Money and Credit report has found.

House prices up 6.4%

House price growth reached 6.4% in the year to December 2015 with London and the East of England leading the way.