By Nathan Khider

The UK housing market is shuddering to a halt.

Properties on both ends of the spectrum have been struggling on the market for months, and new data confirms what many in the industry already feel: we’re in a period of deep uncertainty, largely driven by indecision and poor communication from the government.

The latest figures from the Office for National Statistics show an annual house price growth of just 2.8%, with July's monthly increase crawling at 0.3%.

Even London, despite maintaining the UK’s highest average property value at £561,587, has seen just 0.7% growth over the past year. Across the country, the average home now costs £269,735 and buyers, especially first-timers, are backing off.

Why? Because the government’s mixed signals are causing paralysis in the market.

Take the stamp duty rumours.........

© LBC