Today Halifax released their latest figures for the UK housing market detailing that annual price growth had again eased to 5.2%. Despite this property values in the last month are up a notable 1.4%, something property expert and eMoov CEO, Russell Quirk, thinks should not be overlooked.
Read the full report here.
Price growth has eased slightly across the UK on a year on year basis, however let’s not overlook the significant increase in house prices here on a month to month basis. The market may well be seeing slightly lower transaction volumes however values themselves are certainly continuing to shrug off any Brexit induced winter blues.
At eMoov we’ve just had two of our busiest months where sale instructions are concerned and it isn’t just the usual tinsel filled Christmas rush the UK is getting geared up for over the coming month or two.
With the level of home sales stabilizing of late, many will be looking to get their sale over the line before Christmas. This heightened activity in the market traditionally brings a festive gift to homeowners where appreciation in property values is concerned and we’re confident this will be the case over the coming months.Russell Quirk