October UK Cities House Price Index shows impact from Brexit is limited
Hometrack has published its latest UK Cities House Price Index for October 18 reporting that house price inflation is currently sitting at 3.2% annually, with growth ranging from +7.7% in Leicester to -2.8% in Aberdeen, a total of 6 cities have registered growth above 6% with London prices falling by -0.4%
The report suggests any impact from Brexit is limited, with lead housing indicators showing no imminent deterioration in outlook for prices, but uncertainty about Brexit has been a compounding factor in the slowdown of the London market, alongside weaker market fundamentals.
View the full report here
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