{"id":5206,"date":"2018-12-07T11:05:53","date_gmt":"2018-12-07T11:05:53","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/uk-house-price-rise-slowest-for-six-years\/"},"modified":"2018-12-07T11:05:53","modified_gmt":"2018-12-07T11:05:53","slug":"uk-house-price-rise-slowest-for-six-years","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/uk-house-price-rise-slowest-for-six-years\/","title":{"rendered":"UK house price rise &#8216;slowest for six years&#8217;"},"content":{"rendered":"\n<div property=\"articleBody\" wp_automatic_readability=\"79.6372673974\">\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=\"For sale signs\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/6430\/production\/_104684652_m1kx17om.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">PA<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Annual growth in UK house prices slowed to its lowest rate for six years with property values barely changed from a year ago, a major lender has said.<\/p>\n<p>The Halifax, part of Lloyds Banking Group &#8211; the UK&#8217;s biggest mortgage lender, said prices rose by 0.3% in November compared with a year earlier.<\/p>\n<p>House prices fell by 1.4% compared with October, with the average home now valued at \u00a3224,578.<\/p>\n<p>Analysts say economic uncertainty has held the UK housing market in check.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46438801\" class=\"story-body__link\">How I bought a house without mum and dad<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46454844\" class=\"story-body__link\">New homes &#8216;crumbling due to weak mortar&#8217;<\/a><\/li>\n<\/ul>\n<p>Halifax&#8217;s data shows the month-on-month change has now shown a fall in three out of the past four months. The less volatile quarter-on-quarter measure also showed the average value dropping, by 1.1%.<\/p>\n<p>This might generally be regarded as good news for first-time buyers who do not want to see prices move further out of reach.<\/p>\n<p>However, Russell Galley, managing director at the Halifax, said that there were still affordability issues for this group.<\/p>\n<p>&#8220;High employment, wage growth and historically low mortgage rates continue to make home ownership more affordable for many, though the need to raise a significant deposit still acts as something of a restraint on the market,&#8221; he said.<\/p>\n<p>Relatively few properties were being put on the market, he added.<\/p>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>Mike Scott, chief property analyst at estate agent Yopa, said: &#8220;This suggests that the usual Christmas slowdown in the housing market has started early this year, as people wait for the outcome of the current political turmoil before making long-term commitments, such as buying a new home.&#8221;<\/p>\n<p>The figures come shortly after rival lender, the Nationwide, reported that <a href=\"https:\/\/www.bbc.co.uk\/news\/business-46397730\" class=\"story-body__link\">the market was &#8220;subdued&#8221;<\/a>.<\/p>\n<p>Both lenders base their figures on their own mortgage data, although the way they record year-on-year changes is slightly different. The Nationwide compares the two corresponding months, while the Halifax compares a three-month rolling average.<\/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-46480627\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright PA Annual growth in UK house prices slowed to its lowest rate for six years with property values barely changed from a year ago, a major lender has said. The Halifax, part of Lloyds Banking Group &#8211; the UK&#8217;s biggest mortgage lender, said prices rose by 0.3% in November compared with a year &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5206","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\/5206","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=5206"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5207"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}