Monthly Market Briefing | Jan UK

Market Report provided by Zoopla

UK house price inflation has risen to 3.9% and could reach 5% early this year before easing throughout the rest of 2021. However, the value of all residential property is not rising evenly. As well as geographical variations, the type of home has also become increasingly important when it comes to price performance. The search for space among buyers, a near-constant theme in the market after the initial lockdown last year, means that demand for houses – with their additional internal and external space – has pushed up prices for these type of homes faster than for flats. The scale of the difference across the country is shown below, but we expect the search for additional living space will continue into 2021. Vendors hoping to sell a house may be at an advantage in current market conditions.