UK house price growth in September was just 1.1 % YoY , the slowest rate since April 2013 , compared to Halifax . With average prices hitting £ 232,574 ( $ 286,029 ) , a MoM drop of 0.4 % , Halifax stated economic uncertainty resulting from Brexit will likely prevent an increase in the property market . Meanwhile , London estate agency Benham & partners claimed YoY numbers remaining positive demonstrates resiliency in the market , given the instability of the political situation . Notably , sales numbers rose 10 % higher in August , the largest since November 2013 , meaning homes are up for sale but price rises are not matching the increase .
UK house price growth in September was just 1.1% YoY, the slowest rate since April 2013, according to Halifax. With average prices hitting £232,574 ($286,029), a MoM drop of 0.4%, Halifax stated economic uncertainty resulting from Brexit will likely prevent an upswing in the property market. Meanwhile, London estate agency Benham & Reeves claimed YoY numbers remaining positive demonstrates resiliency in the market, given the instability of the political situation. Notably, sales numbers rose 16% MoM in August, the largest since November 2018, meaning homes are up for sale but price rises are not matching the increase.