UK house prices have fallen for a second consecutive month, according to the latest lender indices, as mounting political uncertainty prompts buyers to delay purchasing decisions. The average property price has dipped by 0.3% month-on-month, with annual growth slowing to its weakest pace in over a year. While the headline figures are modest, the underlying story is one of a market losing momentum precisely at the point when the autumn selling season should be gathering pace.
Political Limbo Freezes UK Housing Market as Prices Slip
Buyer hesitation ahead of a widely expected Budget and possible early election is now showing up in the price data, not just the sentiment surveys.
Source
Developed from the original report.
Topics
house pricespolitical uncertaintyUK housing marketbuy-to-letmortgage rates