House prices rise at slowest rate since 2012: Your Move

House prices rose at their slowest rate since April 2012 in November, at 0.2 per cent since October, and 0.9 per cent on an annual basis.

This leaves the average house price in England at Wales at £305,522, which is £2,724 more than this time last year.

Your Move adds that despite this downbeat news, with 82,500 sales recorded in November, transaction levels were up 2.5 per cent when measured annually – and marked a record high in three years.

Looking at activity on a regional level, the highest monthly growth was seen in Greater London, where prices rose 1.3 per cent in November, whereas in Yorkshire and the Humber prices fell by 0.3 per cent. This latter region is, additionally, the only one where a monthly fall was recorded.

Looked at annually, properties in the West Midlands saw an average rise of 3.7 per cent, with Wales not far behind at 2.7 per cent. Mirroring the composition of the monthly outlook, the East of England can claim to have the only negative growth when looked at over a 12-month period, recording an average drop of 0.2 per cent.

Further analysis by Your Move shows that annually, the number of first-time buyers grew 0.4 per cent, home movers dropped 3.6 per cent, and buy-to-let borrowers dropped 13 per cent. The website puts this down to both Brexit jitters and issues with affordability.

Your Move managing director Oliver Blake says: “Despite the current economic uncertainty it’s encouraging to see that there is still some increase in transaction levels and that, whilst house price growth is relatively flat, it means for FTBs, for example, the news remains positive.”



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House prices rise in October: Your Move

House prices in England and Wales rose by 0.4 per cent in October, according to Your Move’s latest house price index. This is the first monthly rise since February, and leaves the average property price at £304,433. Meanwhile, estimated sales in October fell 6 per cent annually, but are 2 per cent than they were […]

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

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Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


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