Executive summary
• One in 16 privately owned homes will have changed hands this year, making it the busiest market since 2007
• Average house prices are up +6.9% on the year, as pace of growth starts to ease
• The average value of houses (from terraced to detached) are up +8.3% on the year, double the five-year average of +4.2% growth
• Average apartment values are up +1.6%, just above the five-year average of +1.2% annual growth
• Total supply of homes is -42% below the five-year average, but for houses, stock volumes are -55% lower
• New supply will pick up pace in the New Year, easing some of the stock constraints
