Booming house prices defy talk of cooler times

first_img Show Comments ▼ UK HOUSE prices continued their summer boom into September, official figures say, but other sources show price growth slowing.House prices shot up by 12.1 per cent in the year to September 2014, up from 11.7 per cent in the year to August, according to data released by the Office for National Statistics (ONS) yesterday.It marks the fastest annual house price inflation since July 2007. London had the quickest price growth at 18.8 per cent. Excluding London and the south east, UK prices rose 9.1 per cent.The continuation of the summer’s housing boom is at odds with data from Hal­­ifax and Nat­ionwide which both point to the market coming off the boil after August. Survey data from the Royal Institute of Chartered Surveyors also shows new buyer enquiries plummeting in recent months – especially in London – signalling a market cooldown.“Although ONS annual figures show healthy growth, there is little doubt that house prices have lost some mom­entum in recent months,” said Jonathan Hopper, managing director of property search consultancy Gar­rington.“The market is likely to stumble rather than stride into the New Year – estate agents are already starting to see a drop off in viewings, although a large part of this will be down to the traditional seasonal slowdown.” Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory Booming house prices defy talk of cooler times center_img whatsapp Tags: UK house prices Tuesday 18 November 2014 8:10 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapplast_img