Rents to continue to slide and home values to follow in short term says Home.co.uk

November 14, 2017

Home.co.uk today released their Asking Price Index report November 2017 headlined ‘Don’t Panic: Stock Levels are Low and Demand Persistent.’

The summary section leads with: ‘Falling London prices and seasonal factors are weighing heavily on the national average, despite continued price growth in the country’s most vigorous regional property markets (both the East and West Midlands and the North West).’

The report mentions: The current period of stagflation in the UK housing market has been brought about by a delicate balance between regions that show growth and those that are now price correcting post-boom.

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

“So is this the ‘top’?” is the question on the lips of many observers of the property market.

“Sensational reporting of the most recent RICS survey would have us believe that it’s all downhill from here, but without a crystal ball we cannot be certain. Looking at the facts, annualised growth has certainly reduced from the heady heights of previous years. This year, overall price growth appears to have stabilised around the 3% mark: less than inflation but certainly not negative. Given that above-inflation growth will continue in the Midlands and the North in 2018, the fate of the national growth figures will depend on how severe the correction will be in London and the South East.” more….

Read the Home.co.uk Asking Price Index report November 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

for sale sign london
Estate Agent Talk

Cheap Local Estate Agent

How much is the average estate agency fees in England for 2025? The figure of 1.42% (including VAT) is the average estate agency fee in 2025. This average fee for selling your home can vary with figures between 1% and up to 3.5%, there may be some lower and higher too. How you are looking…
Read More →
Estate Agent Talk

The Future of Real Estate: How Technology is Revolutionizing the Industry

It is also evident that the real estate industry is going through a lot of changes mainly due to changes in technology. Technology is changing almost every aspect of the industry and this includes the purchasing, selling, and advertising of properties. Consumers need a more efficient and enhanced form of transactions, real estate professionals must…
Read More →
Breaking News

Halifax House Price Index – Average UK house price falls in March

• House prices fall by -0.5% in March (vs -0.2% in February) • Average property price now £296,699 (compared to £298,274 in previous month) • Annual rate of growth remains at +2.8%, unchanged from February • Northern Ireland sees house prices rise at fastest pace (+6.6%) Amanda Bryden, Head of Mortgages, Halifax, said: “UK house…
Read More →
Estate Agents should not all look the same
Estate Agent Talk

How to Become an Estate Agent with No Experience

Breaking into the property industry can seem intimidating – especially if you’ve never worked in it before. But the good news? You don’t need years of experience or fancy qualifications to start a career as an estate agent in the UK. In fact, many successful estate agents started with no background in property at all.…
Read More →
buying at auction uk
Estate Agent Talk

9 Advantages of Selling Your House by Auction

Selling your house by auction might seem like a daunting prospect, but it comes with numerous advantages that can make it a highly attractive option. While the traditional method of selling through an estate agent has its place, auctions are increasingly becoming a popular choice for homeowners looking for a swift and reliable sale. Here…
Read More →
Breaking News

Majority of Tenants Unsure How Changes Will Affect Them, Says LRG

With major changes to the private rental sector on the horizon, 62% of tenants say they don’t know whether the government’s Renters’ Rights Bill will address their concerns – highlighting a growing need for clearer communication around what the reforms will mean in practice. LRG’s latest Lettings Report shows that while landlords are widely aware…
Read More →