{"id":20983,"date":"2018-11-21T15:14:22","date_gmt":"2018-11-21T14:14:22","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=20983"},"modified":"2020-07-15T11:25:23","modified_gmt":"2020-07-15T10:25:23","slug":"property-market-factfile-11-2-4","status":"publish","type":"page","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=20983","title":{"rendered":"December 2018 Property Market factfile"},"content":{"rendered":"<p>Welcome to the December 2018 Property Market fact file &#8211; a round-up of the latest property market news, collating survey data, statistics, trends and information about the property market.\u00c2\u00a0(All figures below are the most recently available data.)<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/government\/publications\/uk-house-price-index-summary-october-2018\/uk-house-price-index-summary-october-2018\" rel=\"noopener\"><strong>UK House Price Index<br \/>\n<\/strong><\/a><em>Data source: Land Registry<br \/>\n<\/em>UK average house price = \u00c2\u00a3231,095,\u00c2\u00a0 -0.2% change in the month, 2.7% up in the year.\u00c2\u00a0Monthly index (where January 2015 = 100) <span style=\"color: #000000;\">is 121.2<\/span><\/p>\n<p>October saw the lowest growth since July 2013, when house prices increased by 2.3%.<\/p>\n<p>The North West saw the fastest house price growth, up by 4.9% in October. London&#8217;s house prices fell by -1.7%, probably due to regulatory and tax changes and also lower net migration from the EU.<\/p>\n<p>Lower priced help to buy new build houses are still supported by the Help to Buy Scheme, but otherwise the housing market has softened, with fewer property transactions and weaker price inflation.<\/p>\n<p><a href=\"https:\/\/www.halifax.co.uk\/media-centre\/house-price-index\/\"><strong>Halifax<\/strong><\/a><strong><br \/>\n<\/strong>UK average house price = \u00c2\u00a3224,578, down -1.4% in the month, down -1.1% in the quarter, up 0.3% in the year.<\/p>\n<p>November saw the slowest rate of growth in six years and three of the last four months saw average house price reductions.<\/p>\n<p>In the three months to October the number of house sales improved by 2.4% on the previous three months and mortgage approvals rose 2% to the highest level since January.<\/p>\n<p><a href=\"http:\/\/www.rightmove.co.uk\/news\/house-price-index\/\"><strong>Rightmove<\/strong><\/a><strong><br \/>\n<\/strong>England and Wales average house asking price = \u00c2\u00a3302,023, down -1.7% in the month and down -0.2% in the year.<\/p>\n<p>New seller asking prices usually fall at this time of the year. However, this is the biggest drop in house asking prices since 2012, falling an average -\u00c2\u00a35,222 this month.\u00c2\u00a0 London new seller asking prices fell by an average -\u00c2\u00a310,793, although these areas have seen prices increase by 40% since 2011, so not unexpected.<\/p>\n<p>Sellers are hoping that realistic pricing will speed up sales, and the number property sales nationally is over 1% higher than a year ago.<\/p>\n<p><a href=\"https:\/\/www.nationwide.co.uk\/about\/house-price-index\/headlines\"><strong>Nationwide<\/strong><\/a><strong><br \/>\n<\/strong>UK average house price = \u00c2\u00a3214,044, 0.3% change in the month and up 1.9% in the year.<\/p>\n<p>Nationwide&#8217;s November index showed a modest monthly increase but additions to the housing stock at just 0.6% below levels in 2007.<\/p>\n<p><a href=\"http:\/\/www.acadata.co.uk\/services\/house-price-index\/\"><strong>LSL \/ Acadata<\/strong><\/a><strong><br \/>\n<\/strong>Average England and Wales house price = \u00c2\u00a3304,433,\u00c2\u00a0 up 0.4% in the month, up 1.0% in the year.<\/p>\n<p>House price growth still slowing, although there is modest monthly house price growth. The most pronounced reductions have been in the North East, London and Wales.<\/p>\n<p>The cheaper London boroughs or Barking and Dagenham and Bexley have seen modest rises over the year, although the third cheapest area, Newham, saw one of the biggest falls at -9.3%. In total, eight London boroughs saw house price growth.<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/government\/statistics\/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above\"><strong>HM Revenue &amp; Customs<\/strong><\/a><br \/>\nThe provisional number of UK residential property transaction completions (over \u00c2\u00a340,000) for November 2018 was 102,530, representing an increase of 0.9% between Sept-Oct 2018, and the seasonally adjusted figure is 1.3% lower than October 2017.\u00c2\u00a0The number of non-adjusted residential transactions was 13.8% higher than September 2018, and 4.1% higher than October 2017.<\/p>\n<p>The number of non-residential property transactions increased by 8.5% between Sept-Oct 2018. This is 5.4% higher than October 2017.<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/government\/news\/october-2018-price-paid-data\"><strong>Land Registry Price Paid Data<\/strong><\/a><br \/>\nOf the 106,883 residential sales received for registration in October, the most expensive residential property sale was a semi-detached property in Kensington &amp; Chelsea, London, which sold for \u00c2\u00a317,850,000. There were 594 residential property sales valued at \u00c2\u00a31m or more in England and Wales, 326 of which were in Greater London.<\/p>\n<p>The cheapest residential sale were terraced properties in Ferryhill, County Durham, and Burnley, Lancashire, which sold for \u00c2\u00a319,000.<\/p>\n<p><strong>REGIONAL HOUSE PRICES<\/strong><\/p>\n<table style=\"width: 777px;\">\n<tbody>\n<tr>\n<td style=\"width: 777px;\" colspan=\"4\"><strong>UK HPI Regional figures (all percentages are positive unless indicated otherwise)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\"><strong>October 2018<\/strong><\/td>\n<td style=\"width: 158px;\"><strong>Average price GBP<\/strong><\/td>\n<td style=\"width: 152px;\"><strong>Monthly change<\/strong><\/td>\n<td style=\"width: 186px;\"><strong>Annual change<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">England<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3247,914<\/td>\n<td style=\"width: 152px;\">-0.2%<\/td>\n<td style=\"width: 186px;\">2.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">Northern Ireland (Quarter 3 &#8211; 2018)<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3135,060<\/td>\n<td style=\"width: 152px;\">2.3%<\/td>\n<td style=\"width: 186px;\">4.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">Scotland<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3151,508<\/td>\n<td style=\"width: 152px;\">-0.3%<\/td>\n<td style=\"width: 186px;\">4.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">Wales<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3160,874<\/td>\n<td style=\"width: 152px;\">-0.3%<\/td>\n<td style=\"width: 186px;\">3.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">East Midlands<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3191,993<\/td>\n<td style=\"width: 152px;\">-0.6%<\/td>\n<td style=\"width: 186px;\">4.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">East of England<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3294,548<\/td>\n<td style=\"width: 152px;\">0.5%<\/td>\n<td style=\"width: 186px;\">2.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">London<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3473,609<\/td>\n<td style=\"width: 152px;\">-0.3%<\/td>\n<td style=\"width: 186px;\">-1.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">North East<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3128,484<\/td>\n<td style=\"width: 152px;\">-1.9%<\/td>\n<td style=\"width: 186px;\">-0.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">North West<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3165,007<\/td>\n<td style=\"width: 152px;\">1.2%<\/td>\n<td style=\"width: 186px;\">4.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">South East<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3326,785<\/td>\n<td style=\"width: 152px;\">-0.4%<\/td>\n<td style=\"width: 186px;\">1.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">South West<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3256,167<\/td>\n<td style=\"width: 152px;\">-1.2%<\/td>\n<td style=\"width: 186px;\">2.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">West Midlands Region<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3196,073<\/td>\n<td style=\"width: 152px;\">-1.1%<\/td>\n<td style=\"width: 186px;\">3.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 281px;\">Yorkshire and The Humber<\/td>\n<td style=\"width: 158px;\">\u00c2\u00a3163,858<\/td>\n<td style=\"width: 152px;\">1.0%<\/td>\n<td style=\"width: 186px;\">4.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>UK HPI Average monthly price by property type<\/strong><\/p>\n<table style=\"width: 778px;\">\n<thead>\n<tr>\n<th style=\"width: 280px;\">Property type<\/th>\n<th style=\"width: 151px;\">October 2018 GBP<\/th>\n<th style=\"width: 150px;\">October 2017 GBP<\/th>\n<th style=\"width: 197px;\">Difference<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"width: 280px;\">Detached<\/td>\n<td style=\"width: 151px;\">\u00c2\u00a3351,531<\/td>\n<td style=\"width: 150px;\">\u00c2\u00a3339,776<\/td>\n<td style=\"width: 197px;\">3.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 280px;\">Semi-detached<\/td>\n<td style=\"width: 151px;\">\u00c2\u00a3218,619<\/td>\n<td style=\"width: 150px;\">\u00c2\u00a3211,410<\/td>\n<td style=\"width: 197px;\">3.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 280px;\">Terraced<\/td>\n<td style=\"width: 151px;\">\u00c2\u00a3186,210<\/td>\n<td style=\"width: 150px;\">\u00c2\u00a3181,451<\/td>\n<td style=\"width: 197px;\">2.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 280px;\">Flat or maisonette<\/td>\n<td style=\"width: 151px;\">\u00c2\u00a3205,875<\/td>\n<td style=\"width: 150px;\">\u00c2\u00a3203,414<\/td>\n<td style=\"width: 197px;\">1.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 280px;\">All<\/td>\n<td style=\"width: 151px;\">\u00c2\u00a3231,095<\/td>\n<td style=\"width: 150px;\">\u00c2\u00a3224,926<\/td>\n<td style=\"width: 197px;\">2.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Rightmove regional figures<\/strong><\/p>\n<table style=\"width: 772px;\" width=\"614\">\n<tbody>\n<tr>\n<td style=\"width: 275px;\" width=\"168\"><strong>November 2018<\/strong><\/td>\n<td style=\"width: 158px;\" width=\"165\"><strong>Average price GBP<\/strong><\/td>\n<td style=\"width: 149px;\" width=\"139\"><strong>Monthly change\u00c2\u00a0%<\/strong><\/td>\n<td style=\"width: 190px;\" width=\"131\"><strong>Annual change\u00c2\u00a0%<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">Greater London<\/td>\n<td style=\"width: 158px;\" width=\"165\">614,271<\/td>\n<td style=\"width: 149px;\" width=\"139\">-1.7<\/td>\n<td style=\"width: 190px;\" width=\"131\">-2.4<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">South East<\/td>\n<td style=\"width: 158px;\" width=\"165\">397,643<\/td>\n<td style=\"width: 149px;\" width=\"139\">-2.1<\/td>\n<td style=\"width: 190px;\" width=\"131\">-1.2<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">South West<\/td>\n<td style=\"width: 158px;\" width=\"165\">302,116<\/td>\n<td style=\"width: 149px;\" width=\"139\">-1.6<\/td>\n<td style=\"width: 190px;\" width=\"131\">1.4<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">East of England<\/td>\n<td style=\"width: 158px;\" width=\"165\">350,978<\/td>\n<td style=\"width: 149px;\" width=\"139\">-0.8<\/td>\n<td style=\"width: 190px;\" width=\"131\">0.2<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">West Midlands<\/td>\n<td style=\"width: 158px;\" width=\"165\">223,749<\/td>\n<td style=\"width: 149px;\" width=\"139\">-1.6<\/td>\n<td style=\"width: 190px;\" width=\"131\">4.4<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">East Midlands<\/td>\n<td style=\"width: 158px;\" width=\"165\">224,090<\/td>\n<td style=\"width: 149px;\" width=\"139\">-1.5<\/td>\n<td style=\"width: 190px;\" width=\"131\">3.7<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">North West<\/td>\n<td style=\"width: 158px;\" width=\"165\">192,510<\/td>\n<td style=\"width: 149px;\" width=\"139\">-0.6<\/td>\n<td style=\"width: 190px;\" width=\"131\">3.2<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">Wales<\/td>\n<td style=\"width: 158px;\" width=\"165\">192,441<\/td>\n<td style=\"width: 149px;\" width=\"139\">-1.2<\/td>\n<td style=\"width: 190px;\" width=\"131\">3.4<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">Yorkshire &amp; Humberside<\/td>\n<td style=\"width: 158px;\" width=\"165\">186,935<\/td>\n<td style=\"width: 149px;\" width=\"139\">-2.4<\/td>\n<td style=\"width: 190px;\" width=\"131\">1.7<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 275px;\" width=\"168\">North East<\/td>\n<td style=\"width: 158px;\" width=\"165\">148,672<\/td>\n<td style=\"width: 149px;\" width=\"139\">-0.6<\/td>\n<td style=\"width: 190px;\" width=\"131\">3.5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Nationwide regional figures<\/strong><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\n<tbody>\n<tr>\n<td style=\"width: 31.7857%;\">Q3: 3 months to Sept 2018<\/td>\n<td style=\"width: 18.2143%;\">Average Price (\u00c2\u00a3) GBP<\/td>\n<td style=\"width: 19.2931%;\">Annual % change (this quarter)<\/td>\n<td style=\"width: 22.4926%;\">Annual % change (previous quarter)<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">Yorks &amp; Humberside<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3160,263<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">5.8%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">2.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">East Midlands<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3186,414<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">4.8%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">4.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">N Ireland<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3139,374<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">4.3%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">2.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">West Midlands<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3190,607<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">4.1%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">4.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">North West<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3162,596<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">4.1%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">3.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">Wales<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3154,881<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">3.3%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">4.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">East Anglia<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3228,690<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">3.0%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">2.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">Scotland<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3149,161<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">2.1%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">3.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">South West<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3245,434<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">1.9%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">2.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">Outer SE<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3279,858<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">0.8%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">2.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">Outer Met<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3364,309<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">-0.3%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">0.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">London<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3468,544<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">-0.7%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">-1.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 31.7857%;\" width=\"150\">North<\/td>\n<td style=\"width: 18.2143%;\" width=\"150\">\u00c2\u00a3125,085<\/td>\n<td style=\"width: 19.2931%;\" width=\"150\">-1.7%<\/td>\n<td style=\"width: 22.4926%;\" width=\"150\">1.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Focus on London -\u00c2\u00a0<\/strong><em>Best and Worst (-) annual performers according to:<\/em><\/p>\n<table style=\"width: 768px;\" width=\"637\">\n<tbody>\n<tr>\n<td style=\"width: 260px;\" width=\"211\"><strong>Rightmove November 2018<\/strong><\/td>\n<td style=\"width: 136px;\" width=\"158\"><strong>Average Price (\u00c2\u00a3)\u00c2\u00a0GBP<\/strong><\/td>\n<td style=\"width: 153px;\" width=\"132\"><strong>Monthly change\u00c2\u00a0%<\/strong><\/td>\n<td style=\"width: 219px;\" width=\"125\"><strong>Annual change\u00c2\u00a0%<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 260px;\" width=\"211\">Hammersmith and Fulham<\/td>\n<td style=\"width: 136px;\" width=\"158\">971,975<\/td>\n<td style=\"width: 153px;\" width=\"132\">3.2<\/td>\n<td style=\"width: 219px;\" width=\"125\">2.8<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 260px;\" width=\"211\">Bexley<\/td>\n<td style=\"width: 136px;\" width=\"158\">408,913<\/td>\n<td style=\"width: 153px;\" width=\"132\">-0.3<\/td>\n<td style=\"width: 219px;\" width=\"125\">2.8<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 260px;\" width=\"211\">Hackney<\/td>\n<td style=\"width: 136px;\" width=\"158\">625,135<\/td>\n<td style=\"width: 153px;\" width=\"132\">-0.9<\/td>\n<td style=\"width: 219px;\" width=\"125\">-4.9<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 260px;\" width=\"211\">Lambeth<\/td>\n<td style=\"width: 136px;\" width=\"158\">624,633<\/td>\n<td style=\"width: 153px;\" width=\"132\">-1.8<\/td>\n<td style=\"width: 219px;\" width=\"125\">-6.8<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 260px;\" width=\"211\"><strong>LCL Acadata October 2018<\/strong><\/td>\n<td style=\"width: 136px;\" width=\"158\"><strong>Average Price (\u00c2\u00a3) GBP<\/strong><\/td>\n<td style=\"width: 153px;\" width=\"132\"><strong>Monthly change<\/strong><\/td>\n<td style=\"width: 219px;\" width=\"125\"><strong>Annual change<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 260px;\" width=\"211\">Brent<\/td>\n<td style=\"width: 136px;\" width=\"158\">598,331<\/td>\n<td style=\"width: 153px;\" width=\"132\">2.4%<\/td>\n<td style=\"width: 219px;\" width=\"125\">10.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 260px;\">Hackney<\/td>\n<td style=\"width: 136px;\">600,920<\/td>\n<td style=\"width: 153px;\">-0.3%<\/td>\n<td style=\"width: 219px;\">2.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 260px;\">Tower Hamlets<\/td>\n<td style=\"width: 136px;\">511,544<\/td>\n<td style=\"width: 153px;\">-2.8%<\/td>\n<td style=\"width: 219px;\">-13.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 260px;\">City of Westminster<\/td>\n<td style=\"width: 136px;\">1,439,917<\/td>\n<td style=\"width: 153px;\">-1.3%<\/td>\n<td style=\"width: 219px;\">-14.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>RICS Survey Overview<br \/>\n<\/strong>The RICS Residential Market Survey for November reflected a fall in house prices nationally and weaker new buyer demand and fewer new instructions.<\/p>\n<p>November showed another record low number of average stock on estate agents&#8217; books, at an average 42.1 properties. Sales completions now take an average 19 weeks.<\/p>\n<p>Lack of fresh housing stock and affordability, together with political uncertainties continue to hinder housing market activity.<\/p>\n<p>The lettings market saw another month of modest improvement in demand although landlord instructions continue to fall. Accordingly, rents are predicted to rise and rental growth is expected to reach 3.1% per annum for the next five years.<\/p>\n<p><span style=\"font-size: 8pt;\">Rightmove.co.uk is the UK\u00e2\u20ac\u2122s leading property website, displaying details of homes for sale or rent to the largest online audience. It is consistently ranked the number one property website in the UK (source: Experian Hitwise). It has around 90% of all properties for sale and at any time displays a stock of over one million properties to buy or rent, worth around \u00c2\u00a3270 billion. The Rightmove.co.uk site attracts over 130 million visits from home movers each month with time on site averaging over one billion minutes per month (Rightmove data, 2017).<\/span><\/p>\n<p><span style=\"font-size: 8pt;\">LSL Acad E&amp;W HPI is derived from Land Registry (LR) house price data, seasonally and mix adjusted by property type. \u00c2\u00a9 Crown copyright material reproduced with the permission of Land Registry. The prices are smoothed to show underlying trends. LSL Acad E&amp;W HPI includes cash purchase prices and is the only index based upon the complete, factual house price data for England &amp; Wales, as opposed to a sample.<\/span><\/p>\n<p><span style=\"font-size: 8pt;\">UK HPI: Monthly house price inflation, calculated using data from Land Registry, Registers of\u00c2\u00a0Scotland and Land and Property Services Northern Ireland. This replaces the previous House Price Indices separately published by Office of National Statistics and Land Registry.<\/span><\/p>\n<p><span style=\"font-size: 8pt;\">All figures within this article are correct at the time of going to press, and are reproduced in good faith. No responsibility will be taken for any decisions taken based on the information contained herein. Always seek professional advice.<\/span><\/p>\n<p>Next Monthly Market Fact File due in January 2019.<\/p>\n<p><a href=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=21067\">Back to December 2018 Newsletter\u00c2\u00a0<\/a><\/p>\n<p>\u00c2\u00a9\u00c2\u00a0<a href=\"http:\/\/www.propertysurveying.co.uk\/INDEX\/INDEX1.html\">www.PropertySurveying.co.uk<\/a><\/p>\n<p>SH\/LCB<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the December 2018 Property Market fact file &#8211; a round-up of the latest property market news, collating survey data, statistics, trends and information about the property market.\u00c2\u00a0(All figures below are the most recently available data.) UK House Price Index Data source: Land Registry UK average house price = \u00c2\u00a3231,095,\u00c2\u00a0 -0.2% change in the &hellip; <a href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=20983\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;December 2018 Property Market factfile&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":22323,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"folder":[557,587],"class_list":["post-20983","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>December 2018 Property Market factfile | Property Surveying<\/title>\n<meta name=\"description\" content=\"Welcome to the December 2018 Property Market fact file - the property market fact file aims to provide a single place where anyone with an interest in UK property can find much of the information they need.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=20983\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"December 2018 Property Market factfile | Property Surveying\" \/>\n<meta property=\"og:description\" content=\"Welcome to the December 2018 Property Market fact file - 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