House price growth picked up last month, but the market remains subdued as an uncertain economy and the squeeze on household budgets continue to dampen demand.
In November, UK house prices fell by more than £5,000, with sharp falls in the South as sellers lowered their asking price aspirations, according to Rightmove.
Brexit uncertainty and the squeeze on household budgets has an impact, Nationwide figures reveal.
Activity and prices in the capital 'remain challenging', while UK houses prices continued to rise at a steady pace in September, according to Nationwide.
Think tank recommends the Bank of England creates a separate inflation target for house prices with a target rate of zero for five years.
Much of the UK housing market remains relatively flat and listless with some exceptions – notably in the Midlands and Wales – according to latest property price indices.
Almost half of homeowners whose children have moved out are not planning to downsize because they like their house and the area they live.
The housing market remains subdued with little change in monthly house prices between January and February 2018, ranging from -0.3 per cent from Nationwide to +0.4 per cent from the Halifax.
Chancellor Philip Hammond used his first spring Statement as an opportunity to provide an update on the government’s ambitious plans to tackle the UK’s housing crisis.