Property values recorded 0.0 per cent growth month-on-month, following. The rate of annual price growth also slowed to 9.5 per cent, after reaching 10.0 per cent last month.
“However, headwinds are growing stronger suggesting the market will slow further in the months ahead. Some lenders have been quick to revise their interest rates upwards, spelling higher costs for borrowers or, in some instances, increasing the risk of losing their home. Nathan Emerson, chief executive of estate and letting agents’ body Propertymark, said: “Our own data from our estate agent members across the UK shows the number of new homes and buyers coming to the market is up year-on-year, which will underpin stability.”
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