Home prices rose across England and Wales by 0.5% in May according to latest Asking Price Index report from Home.co.uk

May 14, 2018

Latest Home.co.uk Asking Price Index report – May 2018 headlined, ‘Summer Optimism Masks Market Melancholy’.

The report reveals that home prices rose across England and Wales by 0.5% this month, reflecting seasonal optimism more than fundamentals.

London prices continue to slide extending 12 month losses to -2.5%,  the slowdown that began there now seems to have spread beyond the South East and East to engulf the East Midlands and the South West according to Home.co.uk.

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

“No surprise to find that the Bank of England’s talk of raising interest rates this month was just that.

“A somewhat humiliating U-turn from the Old Lady of Threadneedle Street, seemingly surprised by the latest batch of poor economic data, means that rates will stay the same. Relief for the UK housing market though, which is already in enough trouble as overall growth trends to zero. Relief too for the banks, with a spokesperson for Barclays commenting that “Delaying the next hike will eventually lead to not being able to deliver it at all.” more….

Read the lastest Home.co.uk Asking Price Index report – May 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

Breaking News

Mortgage arrears and possessions Q1 2025

UK Finance today releases its latest mortgage arrears and possessions data for Q1 2025, while highlighting continuing lender support for any customers facing financial difficulty. Key information: The number of homeowner mortgages in arrears fell by two per cent in Q1 2025 compared to the previous quarter. The number of buy-to-let (BTL) mortgages in arrears…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove launches next phase of marketing campaign

Rightmove, the UK’s largest property platform, launches next phase of its brand advertising campaign, ‘If they can find it, so can you.’ The multi-channel campaign will appear in prime-time TV slots, and across digital, social, and outdoor advertising, to help drive people to agents’ brands and properties on Rightmove. ‘If they can find it, so…
Read More →
Breaking News

Zoopla identifies the garage demand hotspots in the UK

London Borough of Barking and Dagenham tops UK demand for homes with garages, with asking prices £129,000 more than the average asking price of a typical home in the area Garages remain a highly desired feature for homebuyers across the nation, with the feature ranked as the second most searched for keyword for two years…
Read More →
Breaking News

New Sanction Rules for Letting Agents

Letting agency businesses across the UK need to work to a new sanctions reporting framework from today, 14 May 2025, and Propertymark has stressed that it is vital that every agent understands the rules and adjusts working practices and systems accordingly. Under the Sanctions and Anti-Money Laundering Act 2018, the UK Government introduced a new…
Read More →
Home and Living

Optimizing Property Maintenance: A Strategic Guide to Boosting ROI

Keeping up with property maintenance isn’t just about fixing things—it’s about protecting your investment and maximizing its value over time. A well-thought-out maintenance strategy ensures steady income while preventing costly vacancies. No matter the type of property you manage, treating maintenance as a smart business move pays off in the long run. Why Maintenance Matters…
Read More →
Home and Living

Transforming Fixer-Uppers into High-Value Rentals: Smart Renovation Strategies for Property Owners

So, you’ve taken the plunge and bought a fixer-upper—congratulations! You’ve either scored an incredible investment or embarked on the ultimate DIY challenge. Either way, there’s no need to panic. With a strategic approach, even the most outdated property can be transformed into a high-value rental. Ready to turn that renovation gamble into a profitable asset?…
Read More →