SALES NEWS: Housing market resilient as autumn sales season nears
There are more signs that the housing market is approaching autumn in resilient mood despite the political uncertainty of recent months.
At regional level, new figures from the government show the average home in south west England now costs a record £235,000 – well above the all-UK average of £213,027.
A poll of economists surveyed by Reuters news agency shows that they forecast 2016 will end with house prices across the UK having risen 2.6 per cent during the year as a whole; in 2017 growth is expected to be 1.3 per cent and in 2018 it will be 2.4 per cent.
Every local area and even every street possesses different characteristics, so all these figures are general. But the broad ‘direction of travel’ suggests the housing market this autumn will be resilient with small sustainable price rises.