Housing market stagnates with prices up just 0.6% year on year, down month on month

Property Wire | June 03, 2019

The annual rate of house price growth in the UK was below 1% for a sixth month in a row in the year to May 2019, the latest lender home index shows. Year on year prices increased by just 0.6% to an average of £214,946 and month on month they fell by 0.2%, according to the data from lender the Nationwide. However, Robert Gardner, Nationwide’s chief economist, said that new buyer enquiries and consumer confidence have remained subdued in recent months. ‘Nevertheless, indicators of housing market activity, such as the number of property transactions and the number of mortgages approved for house purchase, have remained broadly stable,’ he pointed out. ‘Housing market trends are likely to continue to mirror developments in the broader economy. While healthy labour market conditions and low borrowing costs will provide underlying support, uncertainty is likely to continue to act as a drag on sentiment and activity, with price growth and transaction levels remaining close to current levels over the coming months,’ he added.

Spotlight

Stockland (ASX:SGP) is the largest diversified property company in Australia. We own, manage and develop a growing portfolio of shopping centres, logistics hubs, business parks, residential communities, retirement living villages, and office assets

Spotlight

Stockland (ASX:SGP) is the largest diversified property company in Australia. We own, manage and develop a growing portfolio of shopping centres, logistics hubs, business parks, residential communities, retirement living villages, and office assets

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REAL ESTATE INVESTMENT

StepStone Real Estate to Make a Significant Investment in Anchor Health Properties

Anchor Health Propertiesc | September 27, 2022

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REAL ESTATE INVESTMENT

REZI Launches in Austin with Rastegar Partnership

REZI | September 26, 2022

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LAWS AND ETHICS, REAL ESTATE ADVICE

Great Place to Work® Names Kimco Realty® One of the 2022 Best Workplaces in Real Estate™

Kimco Realty | September 09, 2022

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