Bank of England gives Negative outlook for UK property prices

May 3, 2019

Recent news release from the Bank of England and reported widely across media is that UK house prices are predicted to fall this year with a figure of 1.25% – Many estate agents across the UK have been stating that price falls are already taking place and especially with asking prices having to be reduced in order to attract buyer interest. Stock levels, Brexit uncertainty and interest rate increase fears place pressure on house valuations.

Brexit has certainly caused a slow down in crazy over valuing and over priced property, fears of a mass exodus of external investment, immigration and economy down turn means that house prices have and will continue to be experienced and especially so in the South East and London regions.

The Bank of England kept interest rates on hold at 0.75 per cent though just a few quarter increases will start to bite it to many people’s monthly spend budgets – Predictions are that rate rises will become more frequent going forwards.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Mortgage approvals down 11% in May

The latest mortgage approval data from the Bank of England show that: –   Mortgage approvals on house purchases for May sat at 56,205 down (-14.9%) from 66,034 seen in April. Approvals are down (-10.8%) when compared to the 62,980 seen in May 2025. This annual decline was expected due to wider political and economic uncertainty;…
Read More →
Breaking News

Money and Credit – May 2026

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals decreased to £2.9 billion in May, from £4.4 billion…
Read More →
Breaking News

More than 5,300 land listings currently available in Britain

The latest research from LandSale, the property portal dedicated to land and rural property, has revealed that there are an estimated 5,373 land listings currently available across Great Britain, with almost a quarter, 24.9%, listed in the past 30 days. The analysis examined all land-only listings currently being marketed across Great Britain. LandSale assessed the…
Read More →
Breaking News

Build to rent completions rise 11.7%

New research from Zero Deposit reveals that the UK’s build-to-rent sector has continued its strong growth trajectory in 2026, with both delivery and investment volumes increasing year on year as demand for professionally managed rental accommodation remains robust. As the sector expands and operators manage larger portfolios of high-value rental homes, protecting rental income is becoming…
Read More →
Estate Agent Talk

Has the doer-upper lost its shine?

First-time buyers, once the doer-upper’s natural market, have changed their priorities – and what they want now is certainty. For decades, the doer-upper held a particular place in British life: the tired house bought cheap, done up over years of weekends and sold on as the home it always promised to be. It was a…
Read More →
Crowded beaches - Clacton-on-Sea in Essex
Breaking News

1 in 7 consider moving home to manage cooling costs in hotter weather

Two in five adults (40 per cent) say they would prefer to invest in home improvements to reduce overheating from the outset, rather than rely on cooling devices Three in 10 (30 per cent) are concerned about the impact of using electricity for cooling on their energy bills, while over four in 10 (44 per…
Read More →