Twindig Housing Market Index (HMI)

The Twindig Housing Market Index rose by 2.4% to 69.8 last week as the latest data revealed that housing transactions leapt by more than 21% in August 2020 taking them back to pre-Covid levels painting a picture of a V-shaped housing market recovery. There was also further evidence that house prices are continuing to rise. These positive factors continue to overpower the negative headwinds of COVID-19 and the rise of mortgage down valuations as lenders start to get nervous about the sustainability of current UK house prices.