Connells Group Market Report Q1 2019

May 3, 2019

“As we entered 2019, we saw the usual new year uplift in activity severely challenged by the ongoing Brexit uncertainty as our expected exit from the EU drew ever closer. Whilst market appraisal and instruction activity during the first few weeks of the year were positive, they soon dropped back with enquiries and applicant registrations failing to see the full seasonal uplift. Sales activity remained well below the same period in 2018. Despite this sombre start to the year, from mid-March onwards we have seen a slight improvement in market conditions.” David Livesey, GROUP CHIEF EXECUTIVE

The latest Connells Group Market Report Q1 2019 can be viewed in full here.

“Pricing remains sensitive, with average asking prices for new stock entering the market in March showing a 3% reduction on March 2018. With vendors continuing to review their prices in recent months, we saw average house prices at completion for Q1 2% below Q1 2018. The outlook for house prices for the rest of the year remains dependent upon the timing and detail of our final Brexit arrangements.“

EAN Breaking News

Breaking News. Have a new story to share with us? Then please get in contact today!

You May Also Enjoy

Breaking News

Four in ten homes see asking price reduced

More than four in ten homes currently listed for sale across England have already seen their asking price reduced, according to the latest market analysis by eXp UK, with the number of reduced properties climbing by 3.6% since August. eXp UK analysed property listings across England to establish how many have undergone an asking-price reduction.…
Read More →
Breaking News

Breaking Property News 19/10/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Last week Sourced Living began rolling out Genifea across its branches, the platform’s first commercial CRM integration. By Author Andrew Stanton CEO Proptech-PR Andrew Stanton spoke to founder Pragati Dhingra about what the Genifea platform actually does, where AI fits in an estate agency,…
Read More →
Breaking News

Mixed signals in UK construction as contract awards rise, but starts fall

Detailed planning approvals declined 16% against the preceding three months and fell 28% lower than last year, a warning sign for future work. Main contract awards dropped 19% against the last three months but climbed 25% year-on-year, a sign that major schemes are being committed. Project starts took the steepest fall, declining 26% against the…
Read More →
Estate Agent Talk

Estate Agents Brace for Rising Compliance Costs

Nearly two-thirds of compliance leaders in estate agencies and property firms expect budgets to increase amid growing pressures Just 6% expect cuts, down from 31% last year, while 63% now work weekly overtime on AML The majority of senior compliance professionals in UK property firms and estate agents expect their budgets and teams to grow…
Read More →
Breaking News

The £2m Mansion Tax, ‘Renting for Now’, and Life Under the Renters’ Rights Act

Leading estate agency Winkworth has released its Autumn Report on Prime Central London, highlighting the key trends that shaped the third quarter of 2026. The report provides exclusive analysis of how the incoming High Value Council Tax Surcharge, the so-called Mansion Tax, is already influencing pricing around the £2 million threshold, and how the market…
Read More →
Breaking News

Rightsizing Revisited: Homeowners seek £100k profits from downsizing

A new Barclays policy snapshot, Rightsizing Revisited, finds a quarter (24 per cent) of homeowners are open to downsizing However, seven in 10 (71 per cent) homeowners cite financial risks and upfront costs as barriers to making the change Homeowners say they would need to release an average of £108,516 from their property sale for…
Read More →