Housing market Blog

August sees house prices rise to 11%, up from 10.5% in July

29th September 2021

Nationwide’s house price index shows annual house price growth increasing 2.1% month-on-month, rising from 10.5% in July to 11% in August – the second largest gain in 15 years with the average house price nearing £250,000.  Nationwide's Chief Economist, Robert Gardner, commented: "House prices are now around 13% higher than when the pandemic began.  The bounce back in August is surprising… Read More

The sun might be in, but the property market is hot.

17th June 2021

According to the Bank of England (BoE), UK homeowners borrowed more on their mortgages than they repaid in March – a record £11.8bn - with gross mortgage borrowing reaching £35.6bn. New mortgage approvals reached 83,000, which is 10,000 more than in February 2020, just before the Covid restrictions were put in place. After so many months of people syphoning spare cash… Read More

The Sussex Housing Market – Our quarter two review

24th July 2020

At Oakley, our proactive team have done an exceptional job of maintaining business as usual as much as possible throughout lockdown. It goes without saying, using the familiar phrase “unprecedented times” this has been one of the most unusual quarters of the year to report on, possibly in our 27 years of operating in the property business!  Read More

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