Three signs we are on the road to recovery

In this quick easy to read article, we look at the post lockdown housing recovery with some interesting statistics

Transactions have increased, mortgage approvals are up and house price growth looks strong. With the stamp duty holiday creating increased demand, we expect this positive trend to continue.
Nationwide house price index showed an annual increase of 1.5% in July. This follows some cautious June figures, -0.1% annual increase.
40,010 mortgages were approved in June. That’s 331% more than May, the lowest ever recorded, 9,273, but we are not back to normal yet as June approvals were -39.4% below last year.
HMRC estimate 63,250 transactions to have completed in June, a 31.7% increase since May. There is still some way to go – sales remain -35.9% lower than June 2019. Source: Dataloft, HMRC, Bank of England, Nationwide
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House Prices over the last 50 years

Over the past half century, the British housing market has transformed beyond recognition. 🏡 House prices have risen dramatically, far outpacing inflation and wages. For some, the gains have been life-changing — for others, the climb onto the property ladder feels steeper than ever. Share your 1970s Attleborough stories below! 💬

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