Sellers are realising first offer they receive could well be their only one, analyst saysHouse price growth at its slowest for five years, Halifax saysAnnual house price growth has fallen to its lowest rate in more than five years, according to Halifax. Across the UK, house prices increased by 1.5% annually in October, following a 2.5% annual increase in September, Halifax said. Russell Galley, the managing director of Halifax, said: “The annual rate of house price growth has fallen from 2.5% in September to 1.5% in October, which is the lowest rate of annual growth since March 2013. However, this remains within our forecast annual growth range of 0% to 3% for 2018. “House prices continue to be supported by the fact that the supply of new homes and existing properties available for sale remains low.

Source: The Guardian November 07, 2018 10:21 UTC