House prices: a British obsession

Property prices gave resembled a rollercoaster ride over the last decade

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house prices

House prices in the UK change every month. And every month organisations including the Land Registry and mortgage leaders Nationwide and Halifax report on movements in UK property prices.

Since property values crashed throughout the financial crisis in 2008-09, the outlook for house prices has been extremely difficult to call.

For example, house prices leapt by 10.2% year-on-year in July, according to Halifax, marking the strongest annual upswing seen since 2007.

However, Nationwide has suggested the pace of growth is actuall slowing.

And according to yet another data set, UK house prices are predicted to climb by 30% by 2019, according to the CBRE.

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Rest of UK catching up with capital

One interesting development is that house prices across the UK are starting to catch up with London (albeit from a long way behind).

In fact, property prices are predicted to climb 12% in the next 12 months as the market plays catch-up with price rises in the capital.

Every single region in Britain saw growth during this period (although not every town).

Surprisingly, the town which has seen the fastest growth this year is a long way from London.

Find out where house prices are rising fastest in the UK


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