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The Nationwide has done some fascinating analysis this month on the changes to the proportion of different movers, together with the time each take to move home. For me this kind of analysis is essential in today’s quite difficult market when we are back to so much uncertainty over the coming 12 months, as I reported last month. So how many people in your area should be moving at any one time? Is your area more or less active than the average?
Versus last month, property prices ‘on average’ have really slowed across all countries. For Wales, Scotland and Northern Ireland, they are only just keeping up with inflation – which with over 50% of people who own a home, owning it outright, means no real house price growth so far this year and for those in England with just 1% increase registering, real property values are actually falling. Regionally the differences are stark. Not just from a price perspective but also from different regions showing different trends. To find out more, read Kate's latest price report.
With Brexit still an unknown and property becoming a huge political tool to capture votes at the moment, there are many opinions about what will happen next. Unsurprisingly, it can be difficult for consumers to work out what to do.
With two new ministers running housing policy in England, I thought it would be useful to see how different the property markets they are used to are. And you probably couldn’t get more different markets!