UK Property: House price growth static, are we back to a buyers market? SOMETIMES, no news is actually good news. A lack of change can be a positive development. When it comes to house prices though, it boils down to whether your glass is half empty, or half full.
The housing market. house price growth to slow to 4 per cent in 2016-17 and 3 per cent in 2017-18, and other economic challenges may mean the RBA will be forced to cut interest rates again below.
The market temperature is based on three metrics: the list-to-sale price ratio, the prevalence of price cuts on home listings, and time-on-market. It provides information on the current balance of bargaining power between buyers and sellers in this region relative to that balance historically, enabling buyers and sellers to see trends in their.
UK house price growth in May cools to lowest rate since 2013. Despite a lacklustre market holding back sales, trade association UK Finance also said on Wednesday that gross mortgage lending for 2017 still totalled 257bn, an annual rise of 4 per cent compared to the 11 per cent growth seen in 2016.
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On a more volatile monthly basis prices rose by 0.1 per cent, a marginal decline from the 0.2 per cent monthly growth seen in October. The average house price in November was 209,988.
UK house price growth cools four-month low in June – Halifax 1 min read file PHOTO: An estate agent board is displayed outside a property in London, Britain July 7, 2017.
I write about investing in local real estate markets.. markets become over-priced when home prices rise faster than local income. also work well but stay away from the high end, which will be vulnerable if the market cools.
House price growth remained steady in November, according to Britain’s biggest building society, undershooting economists expectations and signalling that activity in the housing market continues to cool. Nationwide said its mortgage data showed that the average price rose by 2.5% in the year to November, the same rate recorded in October.
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“Price growth also continued to cool in the north-west of England. One of the factors driving up house prices has been a shortage of homes coming ont the market, both older and newbuild homes.