eMoov Suggests UK Property Market Stumbles During the Winter Months, But Remains in Good Health

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The Land Registry has released its most recent house price index data set showing a 6.9% jump in the annual price growth rate and a 0.1% increase month on month across the UK.

estate agents

estate agents

After a whirlwind year, property in the UK continues to remain resolute continuing the upward price growth trend.

In England, the annual property market is up +7.4% but dropped -0.1% on a monthly basis, which is an interesting contrast from the nation as a whole. Although London's annual rate is higher than England's at +7.7%, property across the capital took a beating between September and October with a -1.2% decrease.

The success story in the English property market this year comes in the East, where property experienced the greatest annual (+12.3%) and monthly (+1.3%) growth, while property in the North-East suffered the opposite accounting for both the smallest annual increase (+2.7%) and biggest drop month on month (-1.3%).

Founder and CEO of eMoov.co.uk, Russell Quirk, comments, "After a whirlwind year, property in the UK continues to remain resolute continuing the upward price growth trend, albeit only marginally. Traditionally London and England as a whole are the powerhouses of the UK property market, but with both seeing a decrease in prices over the last month it's testament to the strength and diversity of the market that prices have continued to creep up across the UK as a whole."

It goes without saying that the UK property market will experience a slowdown during the Christmas season but this is nothing to worry about. eMoov's Quirk's advice to both buyers and sellers is to enjoy the next couple of weeks with friends and family, and prepare to take advantage of the New Year rush when the market springs back into life.

Since 2009 over 15,000 customers have trusted eMoov with their home sale. eMoov has built empowering technology to assist people in towns and cities all across the UK. Their award winning team of professionals and estate agents are vital to a successful home sale. To learn more about the latest property and home value trends or to learn about eMoov's online estate agent services visit https://www.eMoov.co.uk today.

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Damon Burton
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