With memories of the housing bubble still fresh in the minds of property owners and aspiring property buyers alike, the slow-down of price growth has many concerned for their stakes. Uncertainty and concern reign supreme in the UK housing market. But what is the solution? With income stagnating, how will the property market recover?

Key Takeaways:

• The growth of house prices in the United Kingdom has slowed once more in the month of November, only rising by 0.1%
• However according to economists, there are signs that – despite the bleak outlook on the UK’s economy – demand conditions have strengthened in the previous months due to historically low borrowing costs.
• Houses prices are only expected to rise by about 2% in the next year, with the stagnation of household incomes in 2017 which will drain any momentum left in the market.

“There are some signs that, despite the uncertain economic outlook, demand conditions have strengthened a little in recent months, reflecting the impact of solid labour market conditions and historically low borrowing costs”

https://www.cityam.com/254757/uk-house-price-growth-slowed-again-november-