{"id":3871,"date":"2018-11-01T10:29:04","date_gmt":"2018-11-01T10:29:04","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/house-price-growth-slowest-for-five-years\/"},"modified":"2018-11-01T10:29:04","modified_gmt":"2018-11-01T10:29:04","slug":"house-price-growth-slowest-for-five-years","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/house-price-growth-slowest-for-five-years\/","title":{"rendered":"House price growth &#8216;slowest for five years&#8217;"},"content":{"rendered":"\n<div property=\"articleBody\" wp_automatic_readability=\"69.214285714286\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Houses\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/8AFE\/production\/_104128553_nex7tnyb.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Reuters<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Homeowners are staying put during a time of economic uncertainty &#8211; leading to less demand for property and slowing house price growth, a survey has said.<\/p>\n<p>UK house prices rose at their slowest annual rate more than five years in October, increasing by 1.6%, according to the Nationwide Building Society.<\/p>\n<p>Prices were unchanged compared with the previous month, with the typical home valued at \u00a3214,534.<\/p>\n<p>Analysts said they expected house prices to &#8220;flatline&#8221;.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46042087\" class=\"story-body__link\">Car and house insurance faces price probe<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45559456\" class=\"story-body__link\">Where does rent hit young people the hardest in Britain?<\/a><\/li>\n<\/ul>\n<p>Robert Gardner, Nationwide chief economist, said that the squeeze on household budgets and economic uncertainty had resulted in a relatively subdued housing market.<\/p>\n<p>This was the result of homeowners failing to move on to another property. Many looking for more space may choose to extend or improve their current home instead.<\/p>\n<p>In contrast, cash buyers had remained &#8220;buoyant&#8221; following the financial crisis, and first-time buyer numbers had recovered to pre-crisis levels, mostly owing to government support through schemes such as Help to Buy.<\/p>\n<p>Recent tax changes targeting landlords and second-home owners had cut the number of properties bought to let, he added.<\/p>\n<p>Samuel Tombs, chief UK economist for Pantheon Macroeconomics, said: &#8220;Although mortgage rates are rising only gradually and unemployment is very low, consumers&#8217; confidence remains fragile and uncertainty about Brexit increasingly is dampening demand. <\/p>\n<p>&#8220;The Budget, meanwhile, contained nothing to directly support demand for existing homes. We continue to expect house prices to effectively flatline over the next six months.&#8221;<\/p>\n<div id=\"responsive-iframe-newsspec_15575-main_buy\" class=\"bbc-news-vj-iframe-wrapper\">\n<div id=\"responsive-iframe-newsspec_15575-main_buy-core-content\">\n<div class=\"gel-wrap\">\n<div class=\"gel-layout\">\n<div class=\"gel-layout__item gel-1\/1\" wp_automatic_readability=\"7.0773899848255\">\n<div class=\"main-container\" style=\"display: none\">\n<div class=\"side-container\">\n<div class=\"results\" wp_automatic_readability=\"6\">\n<div class=\"results-box\" wp_automatic_readability=\"8.5\">\n<h2 class=\"off-screen\">Your results<\/h2>\n<p>\n                                        <span class=\"percentage-value\"><br \/>\n                                            &#8211;<br \/>\n                                        <\/span><br \/>\n                                        <span class=\"percentage-text\"><br \/>\n                                            Amount of the <span class=\"text-bold\">United Kingdom<\/span> that has housing you can <span class=\"text-bold\">afford<\/span><br \/>\n                                        <\/span>\n                                    <\/p>\n<div class=\"results-bottom-container\" wp_automatic_readability=\"8\">\n<p>\n                                            <span class=\"results__top-line\">Range of affordable areas includes:<\/span><br \/>\n                                            <span class=\"results__most-expensive-area\">Armagh City, Banbridge and Craigavon<\/span> <span class=\"results__most-expensive-price\"\/> and <span class=\"results__cheapest-area\">Belfast<\/span> <span class=\"results__cheapest-price\"\/>\n                                        <\/p>\n<p>                                        <span class=\"results__no-affordable-areas\">No affordable areas<\/span>\n                                    <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"news-vj__affordability__vis-container\" class=\"vis-container\">\n<h2 class=\"off-screen\">Search the UK for more details about a local area<\/h2>\n<div class=\"map-key-container\" wp_automatic_readability=\"8.5\">\n<div class=\"map-key-help\" wp_automatic_readability=\"12\">\n<p class=\"map-key-help__text\">\n                                        You have a big enough deposit and your monthly payments are high enough.<br \/>\n                                        The prices are based on the local market. If there are 100 properties of the right size in an area and they are placed in price order with the cheapest first, the \u201clow-end\u201d of the market will be the 25th property, &#8220;mid-priced&#8221; is the 50th and &#8220;high-end\u201d will be the 75th.\n                                    <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46056687\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Reuters Homeowners are staying put during a time of economic uncertainty &#8211; leading to less demand for property and slowing house price growth, a survey has said. UK house prices rose at their slowest annual rate more than five years in October, increasing by 1.6%, according to the Nationwide Building Society. Prices were &hellip; <\/p>\n","protected":false},"author":0,"featured_media":3872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3871"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3872"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}