HM Land Registry has released its latest house prices figures for October 2017.
The UK House Price Index (UK HPI) figures for October shows:
It also added an element in caution in suggesting that for the month (rather than the above yearly figures) house prices fell by 0.5% between September and October 2017
Regional house price variations show that:
Property prices are slowing down but we suspect the zero stamp duty bonus for first time buyers up to £300,000 that was announced and started at midnight on the day of the budget on 22 November 2017 will offer a minor boost to property prices. Activity may increase at the first time buyer end and filter upwards to sellers moving onwards and up the property chain.