Independent Financial Life Planners Bishop's Stortford: Caution in the UK housing market?

Thursday, 9 February 2017

Caution in the UK housing market?

Political and economic uncertainty is likely to dominate the UK for a while and Enable’s IFA’s in believe this will continue bring caution to the housing market. Property transactions have been slowing and house purchases remain significantly down there is no doubt that this is partly due to the ongoing lack of housing supply but there are also many other factors at play.

UK house prices grew at their weakest annual rate in more than a year in January, as figures released by mortgage lender Nationwide revealed recently that annual growth edged down from 4.5% in December to 4.3% in January, making it the weakest house prices have been since November 2015.

“January’s icy weather was mirrored by a chill in the housing market. But though the national average price of a home fell by a few hundred Pounds, momentum remains.”said Jonathan Hopper, managing director of Garrington Property Finders. “The annual rate of price inflation is virtually the same as it was at this time last year, and six months on from the Brexit earthquake, the market has settled into its familiar pattern of steady growth.“ But the days of double-digit price rises are gone, and while the market fundamentals are strong enough to drive further growth this year, progress will be sedate rather than stellar.”He continued: “With the prospect of an interest rate rise – and of the cost of living rising faster than people’s wages – back on the horizon, caution will become a dominant force in 2017. If you are looking to get into housing this year Enable’s IFAs can help you look at your options.

https://www.propertyinvestortoday.co.uk/breaking-news/2017/2/caution-to-dominate-uk-housing-market-in-2017

Issued by: Enable Independent Financial Life Planners •  25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

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