House prices are both a British national obsession and a key driver of the UK’s consumer economy. So what will happen next in the property market? The latest house price news, predictions and market reports are analysed by This is Money’s property expert Simon Lambert. After a slowdown earlier this year, the London market appears to be continuing to push ahead of the rest of the UK, with the annual rate of house price growth in the capital at 10.6 per cent, according to Nationwide.

Key Takeaways:

• A survey by property website Rightmove found there are currently more buyers and sellers within the wider market compared with the same period around the referendum last year
• According to Rightmove, prospective buyers are “seeing a lot of sold boards on properties they would like to buy themselves”
• Rightmove warned that in spite of high demand and lack of suitable supply, stretched buyer affordability continues to act as a price brake.

“THE UK housing market appears to have shrugged off any concerns of an economic slowdown post-Brexit, with property prices seeing a strong year-on-year price rise.”

Read more: https://www.express.co.uk/finance/personalfinance/829811/brexit-slowdown-uk-property-market-housing-prices-rise-economic-slowdown