house prices

Brexit-weary London drags down UK house price growth

Annual house price growth in the first quarter of 2019 stood at just 0.4%, according to the latest house price index figures from Nationwide – way below the annual growth rate of 2.5% seen at the same point in 2018.

Behind the headline figure were sharp regional differences. Growth was dragged down most by figures for London and the South East. Iain McKenzie, chief executive at the Guild of Property Professionals, says: “Regional influences are extremely significant here.”

House prices in England fall for first time since 2012

According to the Nationwide House Price Index, house prices in England were down 0.7% in the first three months compared to the same time a year ago.

London was the poorest performing region in the first quarter with prices falling annually by 3.8% - the biggest fall since 2009. This is the seventh consecutive quarter in which prices have dropped in the capital.

Second-stepper syndrome: the property problem that’s overlooked

Plenty of column inches are devoted to the uphill challenge young people face making their first step on to the property ladder, the bank of mum and dad, and the amount of cash wasted on avocados. But fewer headlines are devoted to the so-called second-steppers – a group I belong to. Jumping on to the next rung is another daunting obstacle to conquer, so why is it so rarely written about?

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.