UK House Prices Increased By 0.5% In November

The property market may have slowed down across the country, however, UK house prices increased by 0.5% in November - this that represents the lowest annual growth for over 18 months.

Factors that affected this low growth was in the North East of England with a fall in prices by an average of 1%, unexpectedly followed by London with a drop by 0.6%.

Despite the property market in London being a second contributor to this drop, the economy also indicates a belief that prime central London will lead recovery to valuations and sales over the next 5 years.

A director at estate agents JOHNS&CO, has stated: “There has never been a better time to negotiate a good deal,” he says. “Within reason, many developers and individual sellers are open to fair offers so it's always worth asking."

Quick Move Property Ltd trading as PropertyBuyer.co.uk

The Old Bank, 259 London Road, Hadleigh, Essex, SS7 2BN

T: 0800 246 1188
T: 01702 742 111

Important: Whilst we make every effort to complete in a quick and reasonable timescale, there are sometimes circumstances that might affect the actual completion date, and in extreme circumstances our ability to purchase. Any initial offer made is provisional and will only be confirmed once we are in receipt of a survey, and the searches and contracts are deemed satisfactory by our legal team. Other factors may affect our decision to purchase, or affect the price we eventually agree. Over recent years financial turbulence and market forces from both inside the UK, Europe and the rest of the world have caused extreme price fluctuations in the UK property market. Property law is such that until exchange of contracts takes place with the legal representatives the transaction is not legally binding. Prior to a legal exchange of contracts we can rescind the agreement at any time if we have any knowledge or we are advised that the property is not as initially described and/or anything comes to light that may have affected its value. Alternatively, the purchase price may be renegotiated by mutual consent. In the event we rescind the agreement then all legal aborted costs, disbursements and survey fees in the transaction will be met by us. We strongly advise not to commit to any expenditure or completion dates until legal exchange has taken place.