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.
Activity and prices in the capital 'remain challenging', while UK houses prices continued to rise at a steady pace in September, according to Nationwide.
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.
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.
