UK House Prices Stable Despite Hostile Market

Robert Gardner, Chief Economist for Nationwide, one of the UK’s largest mortgage lenders,
has described the UK’s property market as stable and attributes this to the lack of homes on
the market.

Despite the uncertainty of Britain’s departure from the European Union and the increased
stamp duty tax for second homes, the UK’s property market has proved to be resilient with
the annual house price inflation only dipping slightly from 3.1% to 2.9% between June and
July taking the average house price to £211,671.

Mr Gardner goes on to mentions that he believes this pattern will remain in the near term.

According to Halifax, another leading mortgage lender, the UK’s property market over the
space of 20 years the price per square metre has increased a whopping 236% as a whole,
and a monstrous 402% in London.

London will always be our cherished capital and continue to command such high prices,
however other cities are aggressively trying to close the gap. Check out 5 reasons why you
should invest in Manchester.

So overall, the UK’s property market is doing just fine despite the tough economic tests it’s
being subjected to. If you’d like to be part of the UK’s robust property market, check out our
property projects below: