The UK residential property market index is a monthly index created from a range of independent data. It measures the change in average house prices and rents from the Land registry and ONS, apply deductions for operating costs and refurbishment, to generate a net total return to investment.
Data includes monthly house price change, rental growth and transactions, as well as mortgage approvals, housing completions and mortgage affordability. It’s an essential addition to
The headlines from July’s index include:
The UK residential property market continues to remain resilient in the face of broader economic uncertainty
Average house prices and the monthyl average cost of renting property increased
The sales market remains relatively active with 105,940 residential transactions registered
In spite of high house prices overall affordability among existing home owners is strong due to low levels of debt and low costs of servicing debt