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Summer is traditionally a quieter period for the UK property market, with school holidays, family commitments and overseas travel often causing buyers and sellers to put their plans on hold. This year, however, prolonged hot weather appears to have added to the seasonal slowdown.
Birmingham’s property market could be facing an interesting period of change, with new research highlighting the enormous potential for additional housing to be built around railway stations and transport hubs.
The UK housing market remained subdued in August, with house prices edging up by 0.2% over the month and annual growth sitting at 1.6%, according to Nationwide's latest House Price Index.
The UK property market continues to face a number of challenges, with mortgage costs, affordability, economic uncertainty and the overall cost of moving all influencing buyer and seller decisions.