UK Property Prices awash with Negative Headlines
“property market fell for second year running in 2018” Homes & Property
“House price growth slumps to weakest in nearly six years” This is Money
“UK house prices fall 0.7% as growth slows to weakest in five years” Independent
“House prices tumble as property confidence “smashed to smithereens“” Daily Mirror
“December brought chill to UK property prices” FT
A more or less negative theme across most of the national press – Property prices in the UK are falling. This is a fact, as I currently look to find a new home myself on the likes of Rightmove and Zoopla, it is a total twist from the recent trend where prices were on the up whereas now I am viewing property of which just a few weeks later the same ones are being reduced by £1,000’s. I viewed a property only last week which ticked a few boxes, but not many for the price was a little ‘over valued‘ for my liking, yesterday I see it reduced 2.5% – It appears it is a waiting game logic to buying at present or at least do not be afraid of putting in offers over trying to gazump.
Brexit article 50 (Leave) takes place now in 84 days and the lead up to this eagerly awaited day by many including the world’s press means for a rocky slide downwards for many property prices – It will be a treasure chest of opportunity for both investors and also genuine people looking to get on to the property ladder.
Dare we believe we could get in to a state where the word gazundering might become a common phrase in UK property?
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