The fall in the rate of house price growth post-Brexit looks to be coming to an end. A study by Halifax showed house prices grew on average 0.8% in the month of November, continuing the recent trend of recovery. Growth is at a far slower rate than previously, due to the Brexit uncertainty, but buyer confidence and demand appears to be returning at a slow and steady pace.

Key Takeaways:

• House prices picked up pace in November and will keep rising in the months ahead, but a slowdown in activity next year will hurt the economy.
• Looking ahead, 14 per cent expected prices to increase in the next three months, while 40 per cent predicted rises over the next year
• But, the increase is coming in spite of a slowdown in activity. In short, the drop in transactions is the result of a shortage of supply, which remains below renascent demand that is supporting valuations.

“Prices are being boosted by the continuing squeeze on supply.”

http://www.theweek.co.uk/house-prices/61987/house-prices-dropping-demand-slows-annual-pace-of-growth