This Brexit house price tracker combines all the major UK property price indices, as well as predictions from a range of industry experts.
The tracker aims to reveal what 2017 could mean for the UK housing market.
The tool, created by fixed-fee stage agent YOPA, brings all of the latest housing data into one place.
You can view the current average house price, how it has grown and predictions from experts in the housing industry both positive and negative.
Express.co.uk recently spoke exclusively to Will Herrmann, Director of private property developer West Eleven, who explained his belief that any effects of Brexit will be insignificant.
He told Express.co.uk exclusively: “I think prices will stay flat with possibly some very modest increases but the breaking effect on price rises and the cause of the slowdown in transactions in the market is more caused by other factors such as Stamp Duty Land Tax (SDLT).”
But what is the tracker telling us?
“Looking at house price data over the past two years, we can see that all the major house price indices are showing a marked slowdown in growth since July 2016 – the month of the Brexit vote,” the property experts said.
“It’s also been a rough start for 2017 with Nationwide, Halifax and Rightmove all showing a decline in house prices during January.”
What about the future?
In January, experts were predicting that 2017 would see a 1.2 per cent increase in house prices.
“Using YOPA’s tracker we can see that so far this year house prices have actually declined,” the estate agent said.
“In fact, if 2017’s house prices continue at their same downward trajectory then we would be looking at a three to four per cent decline for the year.”
You can view the House Price Tracker for yourself here.
Are you struggling to sell you home? A study into the nation’s interior design tastes has revealed the population’s ten least favourite trends.
According to Bathrooms.com’s survey of 2,000 Brits, wood panelling is the design trend most likely to knock value off a property.
More specifically, 46 per cent of those taking part said they wouldn’t buy a property if it still had old fashioned wood panelling.
Daily Express :: Life and Style Feed
