Twindig Housing Market Index (HMI) - 5 June 21

The Twindig Housing Market Index (THMI) increased by 1.1% this week to 96.6 in a week where it was announced that UK mortgage approvals in April 2021 were 438% higher than in April 2020 and that average house prices increased by £4,000 in May. Although we might have to put the brakes on the final lifting of lockdown it seems that no brakes are being applied to the UK housing market, if anything activity is accelerating rather than slowing down. Estate agents continue to report a shortage of homes to sell and new build homes are selling like hot cakes so it seems that the next move for house prices is more likely to be up than down.