house prices

UK house prices: affordability improving at fastest rate in eight years

Rightmove says the average annual rate of growth was only 0.2% in February compared with the previous year.

With annual wage growth of 3.4% outstripping asking prices, this means that buyer affordability is rising at the fastest rate since 2011.

Monthly property prices rose by 0.7% - or £1,981 - in February, taking the average house price to £300,715.

UK house price growth slumps to five-year low

Figures from the Office for National Statistics show that average house prices in the UK increased by 2.5% in the year to December - down from 2.7% in November.

Over the past two years, there has been a slowdown in UK house price growth, driven mainly by a slowdown in the South and East of England.

UK house prices fall 2.9% in January as Brexit saps confidence

Political uncertainty is weighing on prices as it puts people off making big decisions resulting in a subdued market. However, a resilient jobs market and wage growth are keeping the market from falling harder, says Halifax.  

The figures in Halifax bank’s latest house price index show 0.8% growth year-on-year for house prices.

Housing market outlook worst for 20 years as Brexit black cloud looms

The Royal Institution of Chartered Surveyors (RICS) says that 28% of surveyors expect sales to be either flat or negative across all parts of the UK over the next three months. It is the most pessimistic reading since records began in 1999.

Many surveyors who responded blamed Brexit uncertainty for the slump in the market.

House prices expected to stall in 2019

UK house price growth is set to grind to a halt in 2019 owing to Brexit uncertainty and higher prices forcing many buyers out of the market, according to surveyors.

They predict that overall sales volumes will weaken by around 5% in 2019, leaving the annual total close to the 1.15 million mark.

UK house prices drop by £5,000, with former hotspots in the South suffering

Rightmove says that the price of property coming to market fell by 1.7%, or £5,222, the largest November drop since 2012. This took the average price of a property down to £302,023.

Rightmove says that sellers are pricing more realistically in an effort to minimise pre-Christmas “buyer humbug” syndrome fuelled by stretched affordability and Brexit uncertainty.

House price growth slows to five-year low

According to the Nationwide House Price Index, annual house price growth in October slowed to 1.6%, down from 2% in September – the lowest since May 2013.

On a monthly basis house price growth fell from 0.2% in September to 0%.

London house prices fall for fifth quarter in a row

Robert Gardner, Nationwide's chief economist, says that annual house price growth has been confined to a fairly narrow range of between 2 per cent and 3 per cent over the past 12 months, which suggests 'little change in the balance between demand and supply in the market'.

House prices should be frozen, says new report

House prices should be held at a rate of zero inflation to rebalance the UK economy and to prevent another housing crisis, according to the Institute for Public Policy Research (IPPR).

The think tank’s report recommends the Bank of England creates a separate inflation target for house prices with a target rate of zero for five years.