UK house prices rose by 0.2% in November, after taking account of seasonal effects.
No one knows how hard the property wind will blow and from which direction but there are possible breaks in the storm next year to consider.
Amid the highest tax burden since the second world war and sky-high mortgage rates, the Chancellor Jeremy Hunt has delivered an Autumn Statement that seeks to put the UK economy “back on track”.
Historic data suggests that this should likely bring about an increase in sales volumes and house prices.
High mortgage costs are taking a toll on the UK housing market, with average new seller asking prices suffering the sharpest fall in November for five years.
As the rate outlook improves and mortgage rates stabilise and continue to improve, that could see buyer confidence begin to improve into next year.
October saw a 0.9% rise in UK house prices, after taking account of seasonal effects.
It is hard to get away from politics these days, in any part of the world. For the housing market, it could be rather important.
New research from eXp UK, the platform for personal estate agents, reveals that homeowners are largely unconcerned about cooling house prices, caring more about having a home to call their own than sitting on a profitable investment.
