Search Acumen comments on ONS UK House Price Index, October 2017

Andy Sommerville, Director at Search Acumen, comments:

“Today’s house price statistics will bring little festive cheer to the UK’s first-time buyers. While growth in prices has slightly dampened during 2017, the market continues to push itself further out of reach for young market hopefuls who were wishing to put up a Christmas tree in their new home this year.

“There is, however, some reason to be positive about our market as we look ahead to 2018. Month-on-month prices dropped between October and November, and as many first time buyers will now wave goodbye to stamp duty we can hope that incremental changes are finally chipping away at our housing crisis.

“Q1 will be the opportunity to see if the Chancellor’s recent changes have the desired effect, setting up market hopefuls for a happier New Year.”

Kindly shared by Search Acumen