January 2020 House Price Update
UK Housing Price and Market Update for January 2020
Average Price Paid
Business surveys pointed to a pick-up in economic activity at the beginning of the new year.
News on the UK's future trading relationships is expected to affect activity and growth within the UK housing market.
Modest expansion in the UK housing market is expected in 2020.
The English Housing Survey compiled by MHCLG showed a very slight increase in homeownership rates in 2019 to 63.8% (63.5% in 2018).
The number of private rented households increased to 4.6 million although its proportion declined slightly to 19.3%.
Source of UK Property Price Data ‘Annual Change’, ‘Quarterly Change’, ‘Monthly Change’, ‘Average Price’ and ‘Average Mortgage Rates’ - Nationwide House Price Index.
Please note that the use of the above information and commentary is subject to both the Nationwide Legal Terms (https://www.nationwide.co.uk/about/house-price-index/headlines) and also where applicable, the Terms and Conditions found on our website www.resonateproperty.co.uk.