Nationwide Building Society House Price Index Dec 21

[Martin@AS Financial]

Happy new year all.


UK house prices end the year at a record high, with annual price growth in double digits

Key points:

• Annual house price growth increased to 10.4%, from 10.0% in November
• 2021 was the strongest calendar year for house price growth since 2006
• Price of a typical UK home hit record high of £254,822, up nearly £24,000 over the year
• Wales was the strongest performing region in 2021, London the weakest


Interestingly, London remains the weakest performer and certainly in my experience, I am continuing to arrange a lot of mortgages for clients who are leaving the city in the search of the perfect work from home property.

January in my industry is always a good indication of how the year will pan out as it is a month which is dictated by the new years resolution to move house. This is particularly relevant for first time buyers who have had enough of paying rent.

Full report here:

Download the latest report

[AtW]

Kebab shop below my bedsit increased rent again

[ladymuck]

I do wish the language around house prices could be reset.

Wales is not strongly performing, it is becoming more unaffordable.

It's not house price growth, it's house price inflation.

[mattster]

I do wish the language around house prices could be reset.

Wales is not strongly performing, it is becoming more unaffordable.

It's not house price growth, it's house price inflation.

Bonkers isn't it. I guess the positive media outlook on it will change when rising house prices are no longer a vote winner, but tbh I've been expecting that shift for a decade and it still hasn't happened. Looking forward to a strong performance by my gas bill in April.

[Paddy]

Happy new year all.


UK house prices end the year at a record high, with annual price growth in double digits

Key points:

• Annual house price growth increased to 10.4%, from 10.0% in November
• 2021 was the strongest calendar year for house price growth since 2006
• Price of a typical UK home hit record high of £254,822, up nearly £24,000 over the year
• Wales was the strongest performing region in 2021, London the weakest


Interestingly, London remains the weakest performer and certainly in my experience, I am continuing to arrange a lot of mortgages for clients who are leaving the city in the search of the perfect work from home property.

January in my industry is always a good indication of how the year will pan out as it is a month which is dictated by the new years resolution to move house. This is particularly relevant for first time buyers who have had enough of paying rent.

Full report here:

Download the latest report

Many Londoners are pissed off with parking issues, camera controlled penalties and Ulez.

[AtW]

It's not house price growth, it's house price inflation.

It's a matter of perspective - to those who don't own property it's inflation, but for those who do it's wealth growth

HTH

[d000hg]

Well people who don't own property are clearly less important

[Paddy]

It's a matter of perspective - to those who don't own property it's inflation, but for those who do it's wealth growth

HTH

Only if you have more than one property

[AtW]

Only if your bank owns more than one property that you have title on

FTFY

[Roll Out The Farrell]

I managed to sell my buy-to-let in September (well, it was actually a let-to-buy as I couldn't sell when I needed to buy) and I'm hoping 2021 saw the peak of the market so that I'm in a good position when I come to consolidate and sell my current home with a view to buying something bigger with the proceeds from the sale and the lump sum from my BTL sale.

I suspect it wasn't the peak but I'm pretty sure growth is going to slow considerably.