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Highlights
- The asking prices for UK homes have reached their highest level in annual terms in almost six years, as per Rightmove.
- The UK house prices have been going up since the 2020's spring lockdown.
In early 2022, the asking prices for UK homes have reached their highest level in annual terms in almost six years, as per a survey conducted by Rightmove. The survey revealed how the housing market kickstarted 2022 with a bang and was so buoyant due to an acute shortage of properties for sale.
According to the data released by Rightmove on 17 January, there was a 0.3% monthly increase observed in the UK house prices in January, reaching £341,019, while the annual price growth stood at 7.6%, which was the strongest yearly housing market growth rate witnessed since a price hike of 8.3% in May 2016.
As per Rightmove, asking prices usually go up in January, however, the figure for this month is contrasted with an atypical fall in January 2021, as the urgency to beat the deadline for March stamp duty reduced. A new record high average asking price of £214,176 has been hit by ‘first-time-buyer’ sector, while the ‘top of the ladder’ sector has also contributed towards this month’s hike in average asking prices.
© 2022 Kalkine Media®
The stamp duty relief has supported the growth of the UK housing sector, and since the spring lockdown in 2020, house prices have been rising.
Let’s take a look at 5 UK housing stocks impacted by the housing boom.
RELATED READ: The Year That Saw the Housing Boom
Belvoir Group PLC (LON: BLV)
The market cap of the leading property franchise group, Belvoir Group plc, stood at £96.03 million and it has provided a return of 55.53% to its shareholders in the last one year as of 14 January 2022. Belvoir Group plc’s shares were trading at GBX 257.50 at 8:01 AM (GMT) on 17 January 2022.
Which way housing stocks are going this year?
LSL Property Services plc (LON: LSL)
The market cap of residential property services provider, LSL Property Services plc, stood at £424.84 million and it has provided a return of 49.08% to its shareholders in the last one year as of 14 January 2022. LSL Property Services plc’s shares were trading at GBX 404.00 at 8:02 AM (GMT) on 17 January 2022.
© 2022 Kalkine Media®
Property Franchise Group PLC (LON: TPFG)
The market cap of real estate property manager, Property Franchise Group PLC, stood at £100.61 million and it has provided a return of 67.95% to its shareholders in the last one year as of 14 January 2022. Property Franchise Group PLC’s shares were trading at GBX 314.00 at 8:03 AM (GMT) on 17 January 2022.
RELATED READ: Will these 2 FTSE housing stocks maintain the momentum in 2022?
Harworth Group PLC (LON: HWG)
The market cap of brownfield land developer, Harworth Group PLC, stood at £597.04 million and it has provided a return of 72.09% to its shareholders in the last one year as of 14 January 2022. Harworth Group PLC’s shares were trading at GBX 185.00 at 8:04 AM (GMT) on 17 January 2022.
Safestore Holdings Plc (LON: SAFE)
The market cap of the UK’s biggest self-storage group, Safestore Holdings Plc, stood at £2,784.98 million and it has provided a return of 59.73% to its shareholders in the last one year as of 14 January 2022. Safestore Holdings PLC’s shares were trading at GBX 1,315.00 at 8:05 AM (GMT) on 17 January 2022.
