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House prices rise in October

House prices rose 0.2% in October, according to Hometrack’s national housing survey.

House prices rise in October

However, the survey also shows a decline in the number of new potential buyers.

Hometrack’s director of research Richard Donnell said that the last six months had shown a recovering housing market, but that this was driven by rising demand and a lack of housing for sale.

“What is becoming increasingly clear from our recent Hometrack surveys is a marked slowdown in the rate of growth in the volume of new buyers registering with agents.

“This suggests that the pent up demand that has boosted the market in recent months is starting to fade in the face of firmer pricing and fewer clear bargains.”

About Fiona Russell-Horne

Fiona Russell-Horne
Editor-in-Chief across the BMJ portfolio.

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