Housing demand

In this quick speed read, we take a quick look at the strength in demand at this time for housing compared to a year ago

The Dataloft Demand Index shows housing demand is currently 22% higher than a year ago, as housing market momentum continues to be bouyant.
Demand fell 7% following the SDLT and Land Transaction Tax deadline on 30th June, but remains higher than a year ago. Buyers in England are still able to make a saving until 30th September.
This change is reflected in mortgage approvals, which dipped 6.5% year-on-year in June but remain 20% higher than the long-term June average (Bank of England).
Asking prices have reached record highs across all regions of the UK (Rightmove) and price growth remains strong as demand continues to outpace supply.
Source: Dataloft Demand Index, Bank of England, Rightmove

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