There is no doubt that the rate of growth is slowing, but overall, there is still house price growth since last year.
It also depends which house price indices you follow, as they can use slightly differing criteria.
Of course, the uncertainty of Brexit does not help to reassure jittery sellers and cautious purchasers. However, people will always need somewhere to live, or will have a change in circumstances which influence their housing requirements. This, along with soaring private rents, the current lack of affordable social housing, and the government admitting it ‘is set to fail to meet its target to build one million homes by 2020’, there remains, and will remain, a housing shortage. No-one has a crystal ball, but supply and demand traditionally ensure that, even if there are hiccups along the way, prices will ultimately continue to increase to a greater or lesser extent in the long run.
If you have any questions about house prices or the market in general, then please do not hesitate to contact us on 01603 432000