House prices to dip over next three months
19 September 2019
By Daisy Stephens
Reallymoving’s September house price forecast shows we can expect an average monthly fall of 0.9% in house prices over the next quarter. However, this is almost entirely due to seasonal changes.
Average prices will dip from September to November, with a total fall of around 2.6%. However, when adjusting for seasonality and mix, prices seem to be holding strong in the face of an expected seasonal dip.
Whilst house prices in Wales, Scotland and Northern Ireland are all expected to rise, the only parts of England expected to see an increase are London and the East and West Midlands.
Rob Houghton, CEO of reallymoving, comments: “Considering the current political situation, the UK housing market continues to show remarkable resilience. House prices are on course for minor monthly falls in September, October and November, but while the temptation is to attribute this to Brexit, in fact it is largely down to seasonality with the market following its usual pattern of peaking in August then tailing off steadily through autumn.”
For more on our house price forecast, have a look at our blog post on price changes this quarter
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FeeFee on 29/01/2021