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CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Wednesday, 16 November 2016

Sky does not fall for UK housing

Record high post-Brexit

The average UK house price rose slightly to a record £217,888 in September 2016 according to the ONS, up by £16,000 from one year ago.

A moderate gain, but hardly the drop many have predicted or reported. 

The gains were driven by England, where the prices are +8.3 per cent higher than a year ago.

London's average price increased by +10.9 per cent over the year, moving £7,000 higher to a record £488,000, while prices in the South East were +9.9 per cent higher year-on-year.

London prices have increased by +122.8 per cent since 2004.

A number of super-suburbs" recorded price gains of 15-20 per cent over the year, including Croydon.