Nationwide Building Society House Price Index March 2021

[Andy2]

Housing market is on fire in US and Canada. In canada house prices have gone up by 200-300k .
All those trillions printed have to find a home.

[ladymuck]

London is the "worst performer" with the north-south divide swapping.

House price reporting is so skewed in this country.

https://www.theguardian.com/business...se-prices-fall

[AtW]

5-6% rates would cool it down nicely.

[TwoWolves]

I live in the South West and the market is on fire.

Seems like a very mixed picture across the UK but it does feel like a crack-up boom loaded with risk. Businesses are closing by the hundred, lots of people on furlough and house prices going up just doesn't make sense. Nothing ever seems to cool the UK market anymore.

[AtW]

What are the seasonal factors that might cause a variation between February and March prices?

Winter ends - Spring starts

HTH

[ladymuck]

What are the seasonal factors that might cause a variation between February and March prices?

[Martin@AS Financial]

UK annual house price growth slows in March as North West sees strongest growth in first quarter of 2021

Key Points:

• Prices down 0.2% month-on-month, after taking account of seasonal factors
• Policy support likely to boost housing market over the next six months, longer-term outlook remains highly uncertain
• London sees the weakest growth in all of the UK in Q1

Full report here:

https://www.nationwide.co.uk/-/media...ar_Q1_2021.pdf