UK HOUSE MARKET, NOV 2018

House prices rose 0.3% in September, according to Nationwide. This puts year to date growth at 1.2%.  The UK residential market outperforming the London market.  Regionally, the Midlands continues to record 5%+ year-on-year growth, while Southern English regions are all in the sub -3% club.  Overall, in the 12 months to August 2018, English house prices increased 2.9%, with the average home now costing just under £250,000. Source:  HPI: August 2018:

Annual house price growth is currently strongest in Burnley, the Forest of Dean and 

Peterborough at 13%, 11% and 10% respectively. London remains the weakest performer, with Kensington and Chelsea, Westminster and Hammersmith and Fulham showing the largest falls of 10%, 9% and 6% respectively. Source: HM Land Registry

The longer-term outlook for price growth is weaker. The broad political and economic backdrop is likely to remain uncertain for at least another six months. 

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