UK MONTHLY MARKET BRIEFING: NOVEMBER 2020

The spread of house price growth across the country have narrowed, as increased demand and activity supports pricing in many parts of the UK. A year ago, in September 2019, the largest annual price rise in the 20 key cities was in Leicester, with a price rise of 4%. At the other end of the spectrum was Aberdeen, where prices were down -4.4%, giving a spread of 8.4%. This September, the spread had narrowed to 6%, with the largest price rise of 5.1% in Nottingham compared to a decline of -0.9% in Aberdeen. Average house price growth has climbed from 1.1% to 3% over the same time period.