UK House Prices Stutter Again in October
The latest index shows that house prices crepy up by 0.7% annually and dropped -0.7% month on month.
Director of Benham and Reeves, Marc von Grundherr, commented:
“While the recent election result will have brought a degree of certainty to the market, it will take some time to reverse the negative house price trends of the last few years and while we should see an immediate boost in buyer and seller activity come January, it will take a few months before this filters through to the ground and house prices return to their usual buoyant rate of growth.
Until that point, the market remains resolute and while we are unlikely to see any miracle turnaround this side of the New Year, we continue to see property values edge up despite the turbulence of Brexit and the wider political landscape.”