Bubbly London prices slowly deflating according to Home.co.uk

March 13, 2018

The latest Home.co.uk Asking Price Index report – March 2018 released today headlines ‘North West Prices March On Up’

The report reveals: Strong price growth in the North West, East Midlands, East and Yorkshire., however London prices slide yet again and South East prices stall.

Doug Shepherd, Dircetor at Home.co.uk said:
“Ultra-low interest rates have had their inevitable effect. Region by region, super-cheap mortgages have driven home valuations through the roof (and made the banks’ post-crisis balance sheets look healthy once again).

“Buy-to-Let, the ‘no-brainer’ investment of the decade, accentuated the London property bubble and propelled a wave of property investment that spread out through the Home Counties then to the West and North. In fact, the North is only now in the early stages of recovery (soon to be boom) nearly two years after prices peaked in Greater London (May 2016).

“Now there is considerable talk of raising interest rates. Perhaps a rise in May? Perhaps by a quarter point? Surely not more, as the golden goose that is the UK housing market would be cooked. The North would never achieve any sort of meaningful recovery in prices and the London market would seriously tank: all to be avoided.” more…..

Read the Home.co.uk Asking Price Index report – March 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.

You May Also Enjoy

Rightmove logo
Breaking News

Richmond upon Thames crowned 2026’s happiest place to live

Richmond upon Thames has been crowned the happiest place to live in Great Britain, reclaiming the top spot after winning in 2023 and finishing second last year In second place is Harrogate in Yorkshire and the Humber, and in third place is Cirencester, Gloucestershire in the South West Kirkcaldy is the happiest place in Scotland,…
Read More →
Estate Agent Talk

What the sector must do differently to engage with young people

By Neil Louth – Group Executive Director, LRG and CEO, Acorn Group The property sector needs to start by recognising that younger buyers are not simply less committed to homeownership. Many still want the security and long-term stability it can offer, but they are making that judgement in a very different market. Deposits take longer…
Read More →
Breaking News

Persistent decline to give way to recovery in 2027

Glenigan’s Autumn 2026 Construction Forecast maintains that sector growth will revive in 2027, despite a challenging year of market stagnation Following a sluggish end to 2026, construction is set to rebound from 2027 onwards as public sector building increases Significant value gains expected for health, education, civils, offices and data centre projects Private and social…
Read More →
Estate Agent Talk

The Plumbing and Electrical Problems That Quietly Kill Sales and Lettings

We’ve all had one of these. The offer’s agreed. Everyone’s happy. The memorandum of sale has gone out, and you’re already mentally banking the fee. Then the buyer’s survey comes back. “Electrics appear dated. Recommend inspection by a qualified electrician.” And just like that, the mood changes. The buyer starts asking about a reduction. The…
Read More →
Breaking News

Rental price and average salary tracker – October 2026

Rental prices rise across most regions as affordability pressures persist Average monthly rents increased in eight of the 11 regions between September and October, with Wales recording the largest rise at 31.1%, followed by the North East at 29.8% and the South West at 7.5%. Scotland, London and the North West were the only regions…
Read More →
Letting Agent Talk

Portfolio landlords have outgrown traditional property management

By Adam Hills, Client Services Director, LRG Living Markets The residential lettings industry still manages many large portfolios as though they’re simply collections of individual tenancies. While that works on small portfolios, but it doesn’t work when landlords own 50, 100 or 200 properties. At that point, the challenge is no longer property management alone…
Read More →