January 2020 House Price Update

UK Housing Price and Market Update for January 2020

Monthly Change

+ 0.5%

Quarterly Change

+ 0.8%

Annual Change

+ 1.9%

Average Price Paid

£215,897

• 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.