Twindig Housing Market Index (HMI)
The Twindig Housing Market Index rose by 5.6% to 86.8 this week. Positive results from Purplebricks, who also raised their expectations for 2021 helped lift confidence as did the latest house price and housing transaction data from the Land Registry.
It will be interesting to see how the result of Brexit talks impacts investor confidence in the UK housing market. Some parts of the new build supply chain may be stretched, but in our view, most impacts will be indirect, such as movements in consumer confidence and employment. So far in 2020, the UK housing market has been more resilient than we expected it to be. Long may that resilience continue.