The national average price rising slightly slower than inflation says Home.co.uk

August 15, 2017

Home.co.uk today released their Asking Price Index report August 2017 headlined ‘The West and North Prosper while London and the South East Weaken’.

Home prices dip by 0.1% month-on-month but remain up 3.3% year-on-year. Greater London prices drop 0.8% this month but are 0.4% higher than in August 2016.

Whilst the overall picture is one of stagflation, with the national average price rising slightly slower than inflation, the UK property market shows considerable diversity at the regional level.

Doug Shephard,Director at Home.co.uk, said:

“Like it or not, the PRS is a major part of the contemporary property market.

“Its growth was unintentionally accelerated by ultra-low interest rates and it became the ‘no-brainer’ investment of the decade. Importantly, it has changed the way the market operates in several ways. First-time buyers, once thought of as the ‘lifeblood’ of the market, have been replaced to a great extent by BTL investors. The same investment demand has also driven up prices ahead of wages and has therefore made first-time purchases more difficult. On the other hand, there is now a lot more rental property available and that is a great benefit for many, keeping rents competitive and providing flexible accommodation for an increasingly mobile workforce.” more….

Read the Home.co.uk Asking Price Index report August 2017 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

What renters and landlords need to know ahead of major rental law changes

With just one month to go until the first phase of the Renters’ Rights Act comes into force, the leading professional body, Propertymark, is urging renters and landlords across England to understand how the changes could affect them. From 1 May 2026, the legislation will introduce some of the biggest changes to the private rented…
Read More →
Estate Agent Talk

Tackling Empty Properties

A UK Perspective on Best Practice and Recommendations for Reform Propertymark, the UK’s leading professional body for property agents, has today published a comprehensive new position paper highlighting the urgent need for coordinated, practical and properly resourced action to bring long-term empty properties back into use. With over 359,000 homes sitting empty for more than…
Read More →
Breaking News

Pet-friendly rentals plunge 39%

New research from Inventory Base reveals that the number of pet-friendly rental homes in England has fallen by -39% since the start of 2026, as landlords appear to be reducing the number of homes openly marketed as allowing pets ahead of the Renters’ Rights Act taking effect from 1st May. The Renters’ Rights Act (RRA)…
Read More →
Breaking News

Latest Nationwide house price data showing a 2.2% increase

Industry reaction to Nationwide house price data showing UK annual house price growth picked up to 2.2% in March, from 1.0% in February. Nathan Emerson, CEO of Propertymark, comments: “An uplift in house prices will be welcomed by the market and suggests that buyer demand remains resilient despite ongoing economic headwinds. Improved sentiment, coupled with…
Read More →
Breaking News

UK house price growth picks up in March

UK annual house price growth picked up to 2.2% in March, from 1.0% in February Northern Ireland best performing area in Q1 2026, with prices up 9.5% year-on-year Outer South East weakest performing region, with prices down 0.7% compared with Q1 2025 Headlines Mar-26 Feb-26 Monthly Index* 552.6 547.7 Monthly Change* 0.9% 0.3% Annual Change…
Read More →
Breaking News

Mortgage approvals up in February

The latest mortgage approval data from the Bank of England show that: –   Mortgage approvals on house purchases for February sat at 62,584 up (3.9%) from 60,246 seen in January. Approvals are down (-3.9%) when compared to the 65,114 seen in February 2025. This annual decline was expected due to wider market slowdown and economic…
Read More →