UK HOUSE PRICE INDEX OCTOBER 2021

<p>Executive summary&nbsp;</p> <p>• One in 16 privately owned homes will have changed hands this year, making it the busiest market since 2007 &nbsp;</p> <p>• Average house prices are up +6.9% on the year, as pace of growth starts to ease &nbsp;</p> <p>• 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 &nbsp;</p> <p>• Average apartment values are up +1.6%, just above the five-year average of +1.2% annual growth &nbsp;</p> <p>• Total supply of homes is -42% below the five-year average, but for houses, stock volumes are -55% lower &nbsp;</p> <p>• New supply will pick up pace in the New Year, easing some of the stock constraints</p>