The House of Commons has released its latest indicators on house prices, etc.
It can be seen here, and says:
House prices, as measured by the UK House Price Index, increased by 10.3% between November 2021 and November 2022. On a seasonally adjusted basis, average house prices increased by 0.1% between October and November 2022.
House prices grew at different rates across the UK’s countries and regions over the year to November 2022. House prices grew fastest in the North West, the West Midlands and the East Midlands. House price growth was slowest in Scotland, London and the South East.
Bank of England data on the number of mortgages approved to finance house purchases are a leading indicator of house sales.
Mortgage approvals for house purchases reached a lockdown-related record low in May 2020. Approvals then increased significantly towards the end of 2020 but have fallen since.
Mortgage approvals for house purchases in November 2022 were down 33.2% on a year ago and down 20.4% on October 2022.
There were 46,075 mortgage approvals in November 2022, compared with 68,969 in November 2021.
Housing starts and completions fell sharply in Q2 2020 reflecting the coronavirus lockdown. They are now higher.
There were 42,430 house building starts (seasonally adjusted) in England in Q3 2022, a 19% decrease compared with the previous quarter, and a 2% decrease compared with the same quarter of 2021.
There were 42,950 house building completions (seasonally adjusted) in England in Q3 2022, a 4% decrease compared with the previous quarter, but broadly similar to the same quarter of 2021.