The cost of house prices in the UK in September rose much more slowly than in previous months of 2016. There are fewer properties available and continued low interest rates which have prevented the falls in activity being sharper, however.
The quarterly statistics for house buying in September were the weakest since 2012. This reflects the effects of the results of the Brexit vote although predicted stalling of the property market was still not as acute as previously expected.
House price sentiment increases following Brexit vote | Mortgage … – Mortgage Introducer