Housing market overview Prepared

Transcription

1 Housing market overview Prepared This document provides the latest information available from various sources, with dates varying from March - May 2015

2 T F E newhomes@mms-marketing.co.uk W mms-marketing.co.uk As the number one new homes marketing expert, we pride ourselves on being a seamless extension to our clients businesses, delivering professional and cost effective marketing campaigns on behalf of local, regional and national house builders. We provide a comprehensive range of specialist services, including advertising, print, PR, market research, web and digital marketing, backed by an enviable track record. ISO 9001 Registered Firm International Accreditation Board Certificate No. GB Registration No. 0044/1 The right of Glen Mitton Limited t/a MMS ( the Company ) to be identified as the author of this work has been asserted in accordance with the Copyright Designs and Patent Act The concepts ideas strategies and recommendations contained in this document are the intellectual property of the Company. They are submitted on the understanding that they are to be considered in the strictest confidence and that no use will be made of the contents of this document including communication by any means whatsoever to a third party without the express prior written consent of the Company.

3 Contents Market overview 4 Summary of published stats 5 UK annual house prices rate of change 6 Regional all-dwellings annual house price 12-month % change 7 Annual house-price rates of change by types of buyer 8 UK annual house-price rates of change: type of dwelling 9 Number of housing transactions per month 10 Monthly asking-price trend by 11 Median (typical) time on market 12 % asking price achieved 13 Sales volumes by price range (England & Wales) 14 Home asking-price trend (England & Wales) 15 UK house-price-to-earnings ratio 16 Average properties for sale per estate agent 17

4 Market overview The majority of major sources all report month-on-month improvement in UK house prices in their latest reports, and even the dissenting voices report only the most marginal of decreases. The Office of National Statistics reports that, even when excluding London and the South East, UK house prices increased by 8.1% in the 12 months to March Additionally, The ONS states that in March 2015, prices paid by first-time buyers were 7.8% higher on average than in March For owner-occupiers, prices increased by 10.3% for the same period. The Halifax reports that an imbalance between supply and demand is likely to continue to push house prices up over the coming months. Looking further ahead, they project that an imbalanced increase of house prices in relation to earnings will dampen house price growth. Home.co.uk reports political uncertainty over the last month having no effect on increasing house prices, reflecting increasing and widespread confidence in the property market. They claim all English regions saw an increase in the average price of a home. Nationwide estimates the share of cash purchases in the housing market reached an all-time high of 38% in Q With continued healthy demand from cash buyers helping to support transaction levels in recent quarters, since mortgage lending has remained relatively subdued. 4

5 Summary of published stats Source website Period covered Monthly change (%) Annual change (%) Average house price Official releases Office for National Statistics House Price Index LSL Property Services/Acadametrics Halifax House Price Index Home.co.uk (England and Wales) Hometrack House Price Survey Land Registry Monthly Report Nationwide House Price Index Rightmove House Price Index March ,000 19/05/2015 April ,961 15/05/2015 May ,067 04/06/2015 May ,677 13/05/2015 April 15 N/A 6.80 N/A 22/05/2015 April ,817 01/06/2015 May ,166 05/2015 April ,891 18/05/2015 5

6 UK annual house prices rate of change Source: Office for National Statistics House Price Index 6

7 Regional all-dwellings annual house prices 12-month % change Source: Office for National Statistics House Price Index 7

8 Annual house-price rates of change by types of buyer Source: Office for National Statistics House Price Index 8

9 UK annual house-price rates of change: type of dwelling Source: Office for National Statistics House Price Index 9

10 Number of housing transactions per month Source: Land registry 10

11 Monthly asking-price trend Source: Rightmove 11

12 Average-time-on-market indicator England & Wales Source: home.co.uk 12

13 Asking price achieved Source: Rightmove House Price Survey 13

14 Sales volumes by price range (England & Wales) Source: Land Registry House Price Index 14

15 Home asking-price trend for England & Wales Source: Home.co.uk 15

16 UK house-price-to-earnings ratio Source: Nationwide House Price Index 16

17 Average properties for sale per estate agent Source: Rightmove House Price Index 17