Comment on Nationwide’s latest House Price Index for the month of November.
Jan Crosby, UK Head of Housing at KPMG, said:
“Average house prices continue to creep up year-on-year, albeit that the annual growth revealed this month slowed somewhat when compared to the rate noted in October. Month-on-month, the average house price in the UK appears to have stagnated a little, growing only 0.1% in November and no growth the month before.
“Whilst house prices take a breather in their climb, you might think it offers would-be buyers a chance to catch up, but in reality the chase is still very much on. The gap between supply and demand is only set to widen and this will be accompanied by increased prices in the long-run.
“The Autumn Statement has come and gone, with no silver bullet to curb the UK housing problem. Hopes were pinned on the much anticipated housing white-paper due to be published imminently, but seemingly it appears this has been delayed until next year. Meanwhile the housing problem continues to grow.”
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