House prices fall further this month according to Home.co.uk

September 12, 2018

Latest Home.co.uk Asking Price Index report – September 2018 released today headlines ‘Price Growth Trends Towards Zero and Below’.

The report reveals that home prices fell further this month as the slowdown tightened its grip. Price falls across most English regions have dragged the average for England and Wales down a further 0.3%.

Asking prices in Greater London, the UK’s worst performing region, show a 12-month drop of 2.3% and have fallen 5.2% since their peak in May 2016 according to Home.co.uk.

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

“For the time being and during the next few years, UK property is no longer a safe store of capital value.

“In fact, inflation beating growth in property has been absent for 19 months, if we compare annualised growth in asking prices with the Retail Price Index (ex. housing). Moreover, the gap between inflation and house price growth is widening as the latter heads to zero. Hence, an insidious correction is already fully underway for most of the UK and it looks like it will get worse before it gets better.” more……

Read the Home.co.uk Asking Price Index Report – September 2018 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.

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