House price growth is down in in the UK. This means the market is undergoing a change. If you buy and sell houses for a living you need to keep a close watch on the housing market. It can also help you if you want to become a homeowner because you’ll know when to buy. Rates change so there are better times to do this. You could end up paying too much if you don’t pay attention.

Key Takeaways:

• While the suburbs and outer parts of London continue to grow at similar rates as the rest of the country, inner London experienced the majority of the growth slowdown.
• According to the economists, the housing market is stagnating and not dropping, which likely, will not cause large price decreases.
• Although growth has slowed, it has not stopped, which some experts note is a good sign in the face of widespread uncertainty caused by Brexit.

“New data from the Office for National Statistics shows the general slowdown in the annual growth rate seen since mid-2016 continues.”

Read more: https://www.cityam.com/264779/uk-house-price-growth-drops-41-per-cent-march-slowdown