House prices for London fall for the month of October as the UK property market slows although areas outside the South East see growth.
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Category Archives: House Prices
Projections from Hometrack is to expect above average house price growth from regional cities to offset lower price growth in London.
There are striking differences in affordability for first time buyers across the UK as rapid house price rise makes it harder to borrow.
Figures from the ONS show the growth in houses prices over the year for new builds is more than double that of existing homes.
The latest index from the Nationwide shows no change in house prices as demand remains subdued as a home purchase is less affordable.
House prices in the UK are up over the year and remain stable as the number of sales completed have dropped by up to a third.
The growth rate for homes has slowed to 5.8% a year the slowest rate since August 2013 according to the Halifax house price index.
Prices for luxury homes in London are expected to fall by 9% in a year due to stamp duty tax and EU referendum, says Savills.
Many London boroughs continue to see house price growth in double figures although the average rate is slowing.
The average price of £366,744 for properties closest to the UK’s top thirty schools is £53,426 more than the average for the country.