"Providing the economy continues to recover steadily, as we expect, housing market activity is likely to strengthen gradually as affordability constraints ease through a combination of modestly lower interest rates and earnings outpacing house price growth," Nationwide's chief econo...
"Providing the economy continues to recover steadily, as we expect, the underlying pace of housing market activity is likely to continue to strengthen gradually as affordability constraints ease through a combination of modestly lower interest rates and earnings outpacing house price growth," he s...
but the underlying pace of growth appears to have slowed as a result of weaker global growth and an intensification of Brexit uncertainty,” said Robert Gardner, chief economist at Nationwide. “To date, the slowdown has largely centred on business investment, while household spending has been mor...
This is according to the latest Nationwide House Price Index, which also indicated that Wales remained the strongest performing region in the first quarter of 2022, while London remained the weakest. Scotland saw a 12% year-on-year rise in house prices, the strongest rate of gro...
UK house price growth will grind to a halt in 2018, says RICSThomas Colson
Lee Pickett, a housing sector specialist and real estate partner at global legal business, DWF, comments as theDecember ONS figuresare released today. He said: "The UK's annual house price growth is at the highest level since late 2014, with today's data showing an increase of 8.5 per ce...
The report says that while the UK average house price growth indicates a positive picture for the market, further analysis reveals an ongoing juxtaposition between house prices in the north and south. While there has been notable growth in the Midlands, the North, Scotland and Wales, this...
House price growth was most pronounced in Northern Ireland (8.6%) and Scotland (4.3%) on an annual quarterly basis, while the north of England outpaced the south, according to Nationwide data. Nevertheless, London remained the best performing southern region, notching a 2% price growth. ...
House prices return to growth over 2024 and stand at +1.9% ranging from +0.7% in Southern England to 6.8% in Northern Ireland. Hometrack data shows home buyers becoming more cautious post the Autumn Budget, and as mortgage rates drift higher which will keep price inflation in check. ...
“Slow house price growth and rising incomes over the next 12-18 months will improve affordability to levels last seen a decade ago, creating the potential for a rebound in home moves as consumer confidence returns.“