Housepresso 11 September 22
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House price record high
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After a slight wobble in July, house price growth returned in August as the Halifax House Price Index reached a new high as average house prices have increased by just over £30,000 in the last 12 months.
Mortgage rates up again
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Mortgage rates rose again in August, but the rate of growth slowed. The average rate for 75% LTV mortgages increased by 4.0% in August to 3.64%, following a leap of 22% in July. The average rates for both 90% LTV and 95% LTV mortgages also increased at a slower rate in August.
Is the housing market glass now half empty?
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The latest RICS Residential market survey makes for a sobering post-holiday read, with agents reporting many of their key metrics moving down not up...
Scotland house price latest
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The latest data from the Register of Scotland suggests that the average house price in Scotland is £222,894. House prices in Scotland increased on average by 4.3% or £9,150 in July 2022. Over the last 12 months, average house prices in Scotland increased by 9.3% or £19,040.
Twindig Housing Market Index
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In the week that was rightly dominated by the passing of Queen Elizabeth, the Twindig Housing Market Index nudged up by 0.8% to 72.9 this week.