UK house price growth at its slowest rate in four years - The Week UK

UK house price growth at its slowest rate in four years – The Week UK

A weekly British magazine reports that a British organization of professionals in the property business recently reviewed the housing situation in this country. The organization stated that the market has quieted to the point of being sluggish. Its report for the month stated that the sales of homes had reached the lowest point recorded. The organization’s members still believe the price of a house will rise. It did note that prices in the Northwestern section of the UK were going up robustly.

Key Takeaways:

Ipsos Mori polled approximately 2000 people, regarding whether they expected house values to take an upswing, or plummet.
It was found that nearly sixty percent expected values to go up over the next year, while less than fifteen percent expected a downturn.
In news that dovetails with the rate of house price growth, The Council of Mortgage Lenders showed very strong borrowing to be occurring in January and February.

“House price growth is actually “picking up” pace, says the BBC, according to the latest official figures.”