Strong demand from first time buyers continues as the price paid for homes reaches record highs in London across the country.
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Category Archives: House Prices
After recent falls house prices have rebounded with the smallest gap between best and worst performing regions on record.
The number of property sales were -7% lower during 2016 with the majority of towns in England and Wales decreasing.
Despite the property market slowing down this year house prices have unexpectedly rebounded including expensive London.
The housing market has recorded its third consecutive monthly fall in house prices for May, the first time this has occurred since 2009.
Manchester house price growth leads the UK while there is a material slowdown in the most unaffordable cities such as London.
Prices of new build properties have reduced by -7% as price inflation has eased and housing market activity is subdued across the country.
Nationwide’s index has recorded the second monthly fall in house prices with homeowners feeling the pinch due to the economy.
Property price growth in London have reduced and is now 3.7% over the year in contrast to a rise in prices on average in the country.
Growth in house prices is at the lowest rate since May 2013 and more than halving over the year with no growth in the last month.