The real estate market downturn is coming in the summer

The annual growth of real estate prices fell at the slowest pace in five years, the slowdown in the UK housing market, in the summer, the Federal government said wide.

The building society said that demand from buyers was subdued, while the number of properties coming on to the market a trickle “rather than a torrent”.

UK house prices rose by 2% in the last year, it was said, the prices are a little higher in June than in may.

The month-on-month rise of 0.5%, and the average house value of £215,444.

Robert Gardner, chief economist for the Federal government, said there had been “little change in the balance between supply and demand on the market” during the last 12 months.

The nationwide predicted that house prices rise 1% over the course of 2018.

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The nationwide figures, drawn revealed by its own mortgage data that house prices fell in London in the second quarter of the year compared with the same three months last year.

The building society said that house prices fell by 1.9% in the capital city in this period – the only area in the UK, a decline. However, property values were still 50% higher in London than in 2007, compared to 15% on average in the UK.

The figures come shortly after shares of Countrywide, the UK’s largest estate agents group fell after it gave its second profit warning this year.

Countrywide, the brands such as Bairstow Eves and Gascoigne Pees, said conditions in the housing market remains “subdued” and deals take more time.

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The prices are based on the local market. If there are 100 properties of the right size in an area and you are in price order with the cheapest first, the “low-end” of the market, the 25-property “medium-price segment,” the 50-and the “high-end” is the 75.

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