UK house prices declined for the first time this year in July, reports said citing data from property website Rightmove, on Monday. House prices decreased 0.2 percent month-on-month in July, following a 0.3 percent rise in June. On a yearly basis, house prices dropped 0.2 percent as Brexit uncertainty continued to weigh on buyers’ confidence.
London house price growth to slow in 2014 Rightmove says asking prices will rise 6pc in 2014, down from 10.6pc this year, as CGT looms for foreign investors
House price growth has slowed and the outcome of Brexit negotiations remains uncertain, but property values in all British regions will still rise above this year’s figures by 2019, according to one of the UK’s biggest estate agents. Countrywide predicts house prices will rise by just 1.5 per cent – at below inflation this is a real terms fall – across Britain this year.
Halifax’s housing economist Martin Ellis said: Annual house price inflation may have peaked around 10%. A moderation in growth looks likely during the remainder of 2014 and into next year as supply.
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Countrywide chief economist, Fionnuala Earley, who believes that average values will rise 2.5 per cent in 2018, says that the short supply will support house price growth. Almost all the experts concur that a lack of homes for sale will continue to be a feature of the property market next year.
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House price growth set to grind to a halt next year but a 30% fall on chaotic Brexit is ‘implausible’, Rics estate agents predict. UK house prices to fall slightly in London and the South East in 2019
The Average Property Price in Each London Borough Following Brexit Although the brexit result caused uncertainty in the housing market and we are still awaiting its full impact, property prices in London are expected to remain robust.