Growth in house prices will slow to crawl next year, says Rightmove
Nationwide’s house price index shows that property prices entered positive territory in November, growing 0.3 per cent on a monthly basis, up from the 0 per cent growth seen in October. Annually, the report says that house prices grew by 1.9 per cent, again up on last month’s figure of 1.6 per cent.
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Central England ‘defying property price slowdown’. estate agency and letting network Countrywide forecast house price growth this year would slow to a third of 2016 rate but would start to pick up again next year and in 2019.
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· Rightmove is introducing a function that will automatically remove agents’ own contact details on listings. Any web links, email addresses and phone numbers included in the text for new and updated listings will automatically be removed before they go live.
London house prices will fall 2% next year, says forecast. The capital comes out as the worst-performing UK region in forecasts to 2022, showing an overall gain of 7 per cent over the five-year period compared with 14 per cent for the UK, according to estate agent Savills.
Fiberlite Names Pat Grubb Plant Manager Fiberlite has promoted Patricia Grubb to General Manager of its plant in Joplin, Mo. She is the first woman in the position and one of the few in the industry.
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The slowdown in London house price growth appears to have "bottomed out" after hitting a five-year low last month. The latest Hometrack UK Cities House Price Index shows that house prices rose 2.8% last month, up from 2.3% in June. Prices have consistently risen by 0.5% across London over the last six months and are now 1.4% higher since May.