The UK’s housing stock is now worth £6.17 trillion, up £385 billion from last year. With relatively low numbers of new homes being built, this increase is primarily due to higher prices being paid for existing homes. Increased competition in the mortgage lending market, stronger economic growth, demand from cash-only buyers, and a relative lack of appropriate homes for sale in the right locations, have all contributed to the average house price rising 4.5% in 2015. Read more...

SOURCE: Savills Research