UK House Price Index, December 2016 - PwC comments

Published at 10:11 AM on 13 December 2016

House price inflation projected to slow to 2-5% in 2017

Commenting on the UK House Price Index out today, Richard Snook, senior economist at PwC, said:

“The final official housing release from the ONS and Land Registry before Christmas shows that average UK house inflation was 6.9% in the year to October, barely changed from 7.0% in September. This takes the average price of a UK home to £217,000.

“Whilst the annual inflation rate remains high, prices have barely moved over the last three months. If this trend continues into 2017, we will see a pronounced drop in growth rates in the New Year. We project that UK house price growth for 2017 could range between 2% and 5%.

“The picture was mixed across the regions, with monthly price declines of over 1% in London, the North East and the North West. However, monthly growth is volatile and it is too early to call a slow- down in these areas.”

Ends.

For further information please contact Tilly Parke: tilly.parke@pwc.com / +44 20 7804 8761


Twitter
LinkedIn
Facebook
Google+

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

« UK households are the biggest spenders in Europe | Homepage | UK Inflation, December 2016 - PwC comments »

  • Contact us
  • +44 (0) 20 7213 1768

Specific and out of hours contacts