The number of property sales were -7% lower during 2016 with the majority of towns in England and Wales decreasing.

Despite the property market slowing down this year house prices have unexpectedly rebounded including expensive London.

The housing market has recorded its third consecutive monthly fall in house prices for May, the first time this has occurred since 2009.

Manchester house price growth leads the UK while there is a material slowdown in the most unaffordable cities such as London.

Prices of new build properties have reduced by -7% as price inflation has eased and housing market activity is subdued across the country.

Nationwide’s index has recorded the second monthly fall in house prices with homeowners feeling the pinch due to the economy.

Property price growth in London have reduced and is now 3.7% over the year in contrast to a rise in prices on average in the country.

Growth in house prices is at the lowest rate since May 2013 and more than halving over the year with no growth in the last month.

A quarter of all young Britons are certain they will never own a home and half think it is as harder than ever to get on the property ladder.

The rate of house price growth has reduced to 6.2% in a year even though moderate UK demand continues to exceed supply.

House prices outpace homeowner earnings in 119 local areas over past two years with majority located in the southern England.

Greater proportion of cash buyers are helping to keep house prices rising as outright home owners now exceed those with mortgages.