{"id":39193,"date":"2016-12-29T19:53:05","date_gmt":"2016-12-29T12:53:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=39193"},"modified":"2016-12-29T17:04:54","modified_gmt":"2016-12-29T10:04:54","slug":"uk-house-prices-beat-forecasts-but-sharp-slowdown-expected-next-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-beat-forecasts-but-sharp-slowdown-expected-next-year\/","title":{"rendered":"UK house prices beat forecasts but sharp slowdown expected next year"},"content":{"rendered":"


\nBritish house prices rose faster than expected in December but the pace of growth is likely to slow in 2017 amid uncertainty about economic developments, the mortgage lender Nationwide said on Thursday.Annual gains stood at 4.5 per cent in December, up from 4.4 per cent in November. Economists polled this month by Reuters had expected to see growth of 3.8 per cent.Britain’s property market slowed immediately after the vote in June to leave the European Union, but since then the economy has fared better then many economists expected and house prices have continued to rise.Nationwide reiterated a forecast that house prices are likely to grow by about 2 per cent in 2017, although the figure would depend on how the economy fares.”The fact that the housing market is seemingly struggling to build momentum after coming modestly off its August lows reinforces our suspicion that it is likely to find life increasingly difficult as 2017 progresses,” said Howard Archer, the chief UK and European economist at IHS Markit.Nationwide said low interest rates and a shortage of homes are expected to underpin support for prices.Bovis Homes said on Wednesday it would not deliver the number of houses it originally expected in 2016, after about 180 sales failed to complete before the year end, resulting in a likely miss against market profit forecasts.In December alone, house prices rose 0.8 per cent after stagnating in November, Nationwide said. While the month-on-month measure can be volatile, this marked the biggest rise in a year.Nationwide said 2016 was the first year since 2008 that house price growth in London was slower than the British average.* Reutersbusiness@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…UK house prices beat forecasts but sharp slowdown expected next year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

British house prices rose faster than expected in December but the pace of growth is...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-39193","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ac9","jetpack-related-posts":[{"id":39487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-rises-to-slow-this-year-says-nationwide\/","url_meta":{"origin":39193,"position":0},"title":"UK house price rises to slow this year, says Nationwide","date":"January 3, 2017","format":false,"excerpt":"\r British house prices rose faster than expected in December, but the pace of growth is likely to slow this year amid uncertainty about economic developments, mortgage lender Nationwide said. Annual gains stood at 4.5 per cent in December, up from 4.4 per cent in November. Economists polled this month\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43155,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-drop-for-first-time-since-brexit\/","url_meta":{"origin":39193,"position":1},"title":"UK house prices drop for first time since Brexit","date":"February 7, 2017","format":false,"excerpt":"\r British house prices suffered their first fall in monthly terms since shortly after June's Brexit vote, the mortgage lender Halifax said on Tuesday, a latest sign of a slowing in the housing market.House prices fell 0.9 per cent in January alone after a 1.6 per cent surge in December.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114365,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/westpac-economists-tip-house-prices-to-grow-by-10-per-cent\/","url_meta":{"origin":39193,"position":2},"title":"Westpac economists tip house prices to grow by 10 per cent","date":"February 19, 2020","format":false,"excerpt":"\r House prices are being tipped to grow by as much as 10 per cent this year and put questions of affordability firmly back in the election spotlight.It comes as Auckland prices and house sales leapt to highs not seen in the month...\r \r Source : nzherald.co.nz\/Property\r Read more...Westpac economists\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42313,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dh11-billion-worth-of-expo-2020-contracts-to-support-dubais-growth-this-year\/","url_meta":{"origin":39193,"position":3},"title":"Dh11 billion worth of Expo 2020 contracts to support Dubai's growth this year","date":"January 30, 2017","format":false,"excerpt":"\r The award of Dh11 billion worth of construction contracts at the Expo 2020 site this year has reinforced economists' existing expectations of growth in the UAE this year, but is not expected to significantly change them.The Expo 2020 Bureau in charge of delivery of the event on Monday announced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-slide-for-a-second-month-as-high-values-stifle-demand\/","url_meta":{"origin":39193,"position":4},"title":"UK house prices slide for a second month as high values stifle demand","date":"September 7, 2016","format":false,"excerpt":"\r UK house-prices fell for a second month in August, as high prices curbed demand and sales activity softened, Halifax said.Prices slipped 0.2 per cent, after dropping 1.1 per cent in July, the mortgage lender said on Wednesday. In the three months through August, values grew 0.7 per cent, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-new-home-prices-grew-moderately-in-december-as-tightening-measures-cooled-market\/","url_meta":{"origin":39193,"position":5},"title":"China property: new home prices grew moderately in December, as tightening measures cooled market","date":"January 15, 2021","format":false,"excerpt":"\r China\u2019s new homes prices grew moderately in December, official data showed on Friday, as government measures aimed at cooling the property market took their toll.Average new home prices in 70 major cities rose 0.1 per cent month on month in December, according to data from the National Bureau of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/39193"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=39193"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/39193\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=39193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=39193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=39193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}