Slowdown in house prices rise as number of new instructions falls – AOL UK

House prices are still going up in the United Kingdom but they are doing so at a slower rate. Many things affect this and it’s important to keep watch so you can get a good deal on a house. If the prices start falling again that would be an even better time to buy. Interest rates also change. The number of people buying can affect the market and so can the number of available houses.

Key Takeaways:

  • LBTT bandings could be reworked by the Scottish government which might create a more positive trend in the housing market.
  • When housing stock rises, so do the prices on homes, making it difficult for people to afford houses they may like.
  • Domestic political uncertainty and Brexit may be two reasons that the housing market is being influenced.

“Across the UK, 44% identified domestic political uncertainty as the biggest factor explaining the current state of the market compared with 27% who highlighted Brexit as the most important factor influencing the picture.”

Read more: https://www.aol.co.uk/money/2017/07/12/slowdown-in-house-prices-rise-as-number-of-new-instructions-fall/