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

Estate Agent Talk

Are ‘for sale’ boards becoming obsolete?

Earlier this year, Westminster Council announced that it would apply to ban estate agents from displaying sales boards outside residential properties in the local area; now, Epping Forest Council is the latest to follow suit. With this in mind, Jack Malnick, Property Expert and Managing Director at Sell House Fast has shared his thoughts on…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

A More Affordable Christmas for Homebuyers

The latest research from award-winning mortgage adviser, Alexander Hall, has revealed that – despite the government failing to leave any affordability-focused initiatives under the tree in the recent Autumn Budget – this Christmas is shaping up to be a far more positive one for the nation’s homebuyers, as borrowers entering the market today are benefitting…
Read More →
buying at auction uk
Breaking News

Most active property markets in 2025 revealed

Scotland and Yorkshire home to UK’s most active property markets in 2025 The latest research from The Property DriveBuy reveals that Scotland and Yorkshire have been home to the UK’s most active housing markets in 2025, with Birmingham, Somerset, Cornwall and Buckinghamshire also ranking within the top 10. The Property DriveBuy has analysed the latest…
Read More →
Estate Agent Talk

The Renters’ Rights Act: turning change into advantage

The private rental sector is entering a period of unprecedented change. For estate agents, the Renters’ Rights Act 2025 taking effect from May is not just another piece of legislation – it will reshape how you advise landlords, manage tenancies and maintain compliance. Mustafa Sidki of the real estate team at Thackray Williams explains how…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Lower mortgage rates help Santa deliver 600 more toys this Christmas

With Christmas fast approaching, falling mortgage rates could be doing more than easing household finances this festive season. In fact, if Santa himself were to secure a mortgage on the North Pole today, he would be saving more than £2,000 a year on his monthly mortgage repayments compared to taking out the same mortgage at…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Has your property paid for Christmas this year?

The latest research from Yopa has revealed that, despite a quieter year for the UK property market, the vast majority of homeowners will have effectively seen their property pay for Christmas, based on the increase in the average house price versus the average festive spend. Yopa analysed house price growth since the start of the…
Read More →