Twindig Housing Market Index (HMI)

The Twindig Housing Market Index rose by 5.8% to 67.7 this week, as the Government confirmed that the UK housing market can remain open for business during lockdown II. Investor confidence improved the most in the housebuilding sector (up more than 10%) following strong trading updates from both Crest Nicholson and Redrow this week. Meanwhile, the Halifax house price reached a record high causing many to sing ‘Who wants to be a ¼ millionaire?’ as average house prices reached £250,457. However, the Halifax does expect downward pressure on house prices next year.. but at the moment next year seems a long long way away...