It's true to say that growth has been slowing as the market adjusts, but that's not to say that growth is nonexistent. House prices have risen by around 70% since 2009, but this hasn't been a straight line increase - prices ebb and flow.
Reporting every minor up and down ignores the bigger picture – house prices are estimated to increase monumentally over the coming 10 years, with a sharp rise in population expected in line with this.
Buyers and investors are continuing to jump in where they see a good price, good location or both!
House price growth came to a standstill in October, suggesting the housing market may have gone off the boil, and fueling concerns that developers may be less willing to build much-needed homes. The latest figures from Nationwide showed that after 15 successive months of increase, prices did not move during the month, once seasonal factors were taken into account. Without seasonal adjustments, the average price of a UK home dropped by £111 to £205,904. The annual rate of price growth dropped to 4.6% – its lowest level since January. At the top end of the housing market, there has been a sharp fall in activity, with Brexit uncertainty combining with changes to stamp duty to deter buyers in the most expensive parts of the country.