Housing market indicators for November suggested a period of modest increasing demand and steady growth in price levels. House prices grew by 6.7% in the year to November, 0.3 percentage points higher than October.

According to the Bank of England's Agents' summary of business conditions, for the final quarter of 2016 (October to December) , housing market activity has recovered following a period of weakness after the EU referendum and stamp duty changes but remains weak in central London.