Real estate

House price growth continues to slow as London comes off the boil

House prices rose 9.8% in the year to December across the whole of the UK. However the pace of increases has now declined for three consecutive months, according to figures from the Office for National Statistics. While London posted the highest price increases, up 13.3% on the previous year, the ONS data confirm estate agents' reports and survey evidence that the market is coming off the boil. Despite the double-digit increase, the rate of growth is at an 11-month low for London and represents a sharp drop on the previous month, when it was showing a year-on-year increase of 15.2%. Howard Archer of IHS Global Insight said he predicted that house price rises this year would be a 'solid but unspectacular' 5%.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?