Average UK house prices predicted to rise by a quarter in next five years


‘While October figures are still moving ahead and are higher than the previous three months, what we are also seeing is a growth slowdown on a quarterly basis.

“There may be a ‘press-commentary-effect’ here, where people are taking note of what is being said in the press about a housing bubble and then thinking twice before jumping in. That said, we are also entering a quieter phase for the market, with December traditionally a subdued month for housing transactions. So sellers may well be thinking ‘let’s get on with things’ before the December period and get our house sold.”

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