london house prices fall

London was the UK’s weakest performing region for house prices for the first time since 2004 in 2017, according to Nationwide.

The building society reported house prices in the nation’s capital city were down 0.5 per cent year-on-year in 2017.

Robert Gardiner, chief economist of Nationwide, said: “The significant disparity in house prices across the UK has been a recurring theme in recent years.

“In this respect, 2017 saw the beginnings of a shift, as rates of house price growth in the south of England moderated towards those prevailing in the rest of the country.”

Overall, Nationwide reported UK house prices grew by 2.6 per cent last year compared with a 4.5 per cent increase in 2016.

Mr Gardiner said mortgage rates and healthy employment growth continued to support demand in 2017, while supply constraints provided support for house prices.

However, he said this was offset by mounting pressure on household incomes, which exerted an increasing drag on consumer confidence as the year progressed.

Find out more

https://www.ftadviser.com/mortgages/2018/01/04/london-property-prices-have-fallen/

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

©Copyright 2022 Millbak Limited. Registered in England No. 07044763

 

Self-certified Sophisticated Investor or High-Net Worth Investors
Please read
I declare that I am a self-certified sophisticated investor or  High-Net Worth Investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:
1. I can receive promotional communications made by a person who is authorised by the Financial Conduct Authority which relate to investment activity in non-mainstream pooled investments;
2. The investments to which the promotions will relate may expose me to a significant risk of losing all of the property invested.
I am a self-certified sophisticated investor because at least one of the following applies:
 I am a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below;
 I have made more than one investment in an unlisted company in the two years prior to the date below;
 I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;
 I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.
By clicking the ‘agree’ button you agree to our terms and conditions and agree that the above constitutes a true reflection of your status as a potential investor. Otherwise please click disagree to be redirected to our homepage

If You Agree then please email info@millbak.com to receive the password to access this page.

Log in with your credentials

Forgot your details?