{"id":7228,"date":"2019-02-07T10:47:14","date_gmt":"2019-02-07T10:47:14","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/uk-housing-market-experiences-new-year-chill\/"},"modified":"2019-02-07T10:47:14","modified_gmt":"2019-02-07T10:47:14","slug":"uk-housing-market-experiences-new-year-chill","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/uk-housing-market-experiences-new-year-chill\/","title":{"rendered":"UK housing market experiences new year chill"},"content":{"rendered":"\n<div property=\"articleBody\" wp_automatic_readability=\"69.380511703865\">\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\/5112\/production\/_105545702_hqzhvjk6.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\">UK house prices fell by 2.9% in January compared with December, according to the country&#8217;s largest mortgage lender.<\/p>\n<p>The Halifax, part of Lloyds Banking Group, said it was the second time in three years that the new year had begun with a significant fall.<\/p>\n<p>The month-on-month change is a volatile measure of house prices. The annual change is more stable.<\/p>\n<p>The lender said prices were 0.8% up on a year ago, with the average home costing \u00a3223,691.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-47070020\" class=\"story-body__link\">When do people buy their first home?<\/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>&#8220;This could either be viewed as a story of resilience, as prices have held up well in the face of significant economic uncertainty, or as a continuation of the slow growth we have witnessed over recent years,&#8221; said Russell Galley, Halifax managing director. <\/p>\n<p>&#8220;There is no doubt that the next year will be important for the housing market with much of the immediate focus on what impact Brexit may have. However, more fundamentally it is key underlying factors of supply and demand that will ultimately shape the market.&#8221;<\/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>Mr Galley said that relatively few properties were being put on the market, which was constraining supply, and some wage growth and low mortgage rates were encouraging some demand from potential buyers. All this had maintained house prices at roughly the same level.<\/p>\n<p>Jonathan Hopper, managing director of Garrington Property Finders, said: &#8220;January is often a tough month, in which sellers who have failed to shift their home in the previous year typically cut the price in order to drum up interest.<\/p>\n<p>&#8220;But the confidence-sapping uncertainty of Brexit it getting worse, not better, and the next few months will be decisive.&#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-47155720\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright PA UK house prices fell by 2.9% in January compared with December, according to the country&#8217;s largest mortgage lender. The Halifax, part of Lloyds Banking Group, said it was the second time in three years that the new year had begun with a significant fall. The month-on-month change is a volatile measure of &hellip; <\/p>\n","protected":false},"author":0,"featured_media":7229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7228","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\/7228","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=7228"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/7229"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=7228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=7228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=7228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}