Happy Customers

"After inheriting a property from my late Mother, I approached National Homebuyers. I had been caring for my Mother for a number of years and the thought of selling the property using an Estate Agent was a hassle that I did not feel able to cope with. The sale of the property was a difficult […]"

Mrs J, Lydney, Gloucestershire

"We wanted to up-size to make room for our growing family, but needed to sell our flat first and National Homebuyers enabled us to do this quickly. They simplified the whole process of selling and enabled us to purchase our dream property! Pace of house prices slows to 6.7% in 2015"

Mr & Mrs H, Space

Pace of house prices slows to 6.7% in 2015

Office for National StatisticsAccording to the Office for National Statistics (ONS) house prices in the UK rose by 6.7% in 2015. This shows a significant slowdown in UK house prices compared to the 9% rise reported by the ONS in 2014. This represents a fall in value of £18,000 compared to the average home in the UK which was valued at £288,000 at the end of the 2014.

The ONS reported that prices in 2015 increased fastest in Eastern England with a 9.7% increase with Scotland at the other end of the scale with a fell in house prices of 0.2% during 2015.

The breakdown of where house prices rose fastest in 2015 can be seen below:

house price rises

Looking at other organisations that have made predictions relating to house prices in 2015, we can see that there has been a substantial variation here.

Halifax presented the highest prediction with their published figure of 9.5%, whereas Nationwide Building Society believed the figure was much lower, stating that UK house prices only increased by 4.5%. The ONS, who’s figures are regarded as the most reliable data on house prices, show that both of these predictions are way off the mark.

These figures are a positive sign for UK home-owners but experts are still warning that these increases far outstrips the 2% wage growth figure, meaning a continue housing crisis in the UK.

Jan Crosby, head of housing at accountants KPMG, who believes this crisis will only worsen if the supply of new homes in the UK isn’t increased,  told the Guardian newspaper:

“In 2005, the average price of a home was £186,000 – by 2015 it was £288,000. An increase of more than £100,000, or 55%, in just 10 years is concerning. In 2005, average annual earnings were £18,949 and by 2015 the ONS recorded them as £22,487. If we don’t see reform, in another 10 years the gap between house prices and earnings may have become truly impassable.”

National Homebuyers – We Buy Any House

we buy any home for cashNational Homebuyers will buy any house or property in any condition!

If you are looking to sell your house fast than we are here to help. Our team of property experts are always on hand to share their expertise with you and help you achieve your aim of selling your house fast in a time scale that suits you and not us. So if you want to sell your house fast than give us a call on 08000 443 911.

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Homebuyer Man is the public face of National Homebuyers’ expert property team, keeping up to date with all the latest industry news, property trends and market information.

Homebuyer Man’s experience in the property market is unmatched, providing expert information and exclusive insight on all things property, whether that be mortgage advice or drilling down into the best times to buy and sell in different areas across the UK. With more than 15 years’ experience, there isn’t much Homebuyer Man doesn’t know when it comes to the property market.

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