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- UK house prices grew by 4.5% y/y
UK house prices grew by 4.5% y/y
UK house prices grew by 4.5% in the year to October 2017, experiencing a 0.3 percentage point decrease from the previous month.
In terms of housing demand the Royal Institution of Chartered Surveyors' (RICS) Residential Market Survey for October 2017 reported that the headline near term price expectations series slipped to -11%, from -8% in September, and has now been negative in each of the last three months. New buyer enquiries continue to signal a softening in demand, with the net national balance remaining at -20%.
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