UK House prices have risen, suggesting that the market has stabilised following a few uncertain months after the UK’s vote to leave the EU. Growth of 7.7% took the average UK house price to £218,000.
Data from ONS shows house prices are continuing to grow month by month, with the changes to stamp duty and the Brexit vote not resulting in a decline in average prices.
An emerging trend is a reducing volume of sales. Current transaction volumes are lower than in 2014, 2015 and the start of 2016, suggesting a degree of caution and uncertainty in the market.
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