The latest Rightmove House Price Index is out and it's showing that house prices have seen the lowest annual increase since 2013. So what does this mean for Britain's 'broken housing market'? James Lockett, Head of Communications of eMoov, joined Nigel Cassidy on Share Radio Breakfast to shed some light on the matter.
After a summer which saw more uncertainty, annual UK house price growth suggests the post-Brexit property market is stabilising. We’ve now had three months of figures showing price growth has remained robust, and households across the UK perceive that the value of their home rose in November. That’s according to the latest House Price Sentiment Index (HPSI) from Knight Frank and IHS Markit. To discuss the data, Oliver Knight, an Associate at Knight Frank, joined Share Radio Breakfast.
British households remain confident in the rising value of their homes, even after the vote to leave the European Union.
That's according to Knight Frank's Sentiment Report, which shows 15% of homeowners surveyed by Knight Frank believed the price of their own house had risen last month... more than the ratio who believed house prices had fallen.
Grainne Gilmore, head of Knight Frank UK Residential Research joined the team to discuss further.
The price of homes for sale in England and Wales have seen the biggest drop since November, according to the property website Rightmove.
Asking prices fell by a monthly 1.2% average between July and August. With the biggest falls seen in London and the Southeast. This comes after a dip of just under 1% the previous month.
Miles Shipside, housing market analyst at Rightmove, joined the team to explain what's caused this drop.
The number of house loans approved by the British Banker’s Association fell more than expected last month. So with more official mortgage approvals data due out, what can we expect and how's it affecting the mortgage market? Ray Boulger, mortgage expert from the independent mortgage specialists John Charcol, explained.
Grainne Gilmore, Head of Knight Frank UK Residential Research, talks about the Knight Frank monthly house price sentiment report. Some analysts have been calling time on the property market for months, notably in London. Yet it seems that households in all UK regions saw increases in the value of their homes. So what is the overall picture? And is the rate of growth slowing? Grainne explains.