UK house prices grow at fastest rate for two years despite uncertainty – CityAM

MAPPED: Fastest growing towns where house prices could BOOM due to housing shortage A HOUSE building shortage is fuelling a house price boom in certain areas of the UK which have bucked the.

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February witnessed the highest house price growth in the England & Wales for a year, says new data. The latest house price index from LSL Property Services & Acadata has revealed that property values rose by 0.6% over the month of February, doubling the 0.3% rate of growth seen in January, with the average house price now standing at 297,832 in England and Wales.

The UK’s house price growth rose to 9.6 per cent for the year to March, with Scotland the east of England and London driving the rise. The 9.6 per cent rise in the UK for the year to March was 1.2.

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In terms of the current month, 2017 finishes up with an annual rate of +1.2%, with December seeing a seasonal price fall of 2.6% in the price of property coming to market. The average fall at this typically quieter time of year has been 2.1% over the last seven years, and this slightly greater dip is in fact the largest monthly fall for five years.

The Domestic Economy Overview n The economy is projected to grow in GDP terms by 5.1 per cent in 2016 and by 4.2 per cent in 2017 on the back of exceptionally strong rates of growth in domestic demand. The outlook for 2016 has been revised upwards following a very strong end to 2015 with overall growth of 7.8 per cent recorded.

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Photograph: Daniel Leal-Olivas/AFP/Getty Images UK house prices have had their biggest monthly fall for six years. their fastest annual rate since the depths of the financial crisis. Nationwide’s.

Across the UK as a whole, Savills expects house price growth to halve. 2.25% by 2022, which would lead to average mortgage rates doubling to 4%. The north-west of England is set to experience the.

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