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

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

Government planning reforms to protect nature

News that the Government has warned that the planning system must protect nature, as it unveils reforms Partner Alison Ogley, Freeths commented: “This is a potential game changer addressing the current inertia in the system, providing a solution that is more effective than individual developers trying to address environmental improvements on a project by project…
Read More
Love or Hate Rightmove
Breaking News

Surge in demand for investment sector as interest rates drop

The latest insights from the UK’s number one commercial property website Rightmove reveals that there has been a surge in demand to invest in commercial property compared with the same period a year ago, as interest rates drop following the second Bank Rate cut. The trend marks a continued recovery for the investment sector as…
Read More
Letting Agent Talk

7 Ways Self Storage Supports Business Growth in 2025

As businesses face increasing challenges in managing costs, scaling operations, and adapting to changing markets, self storage has emerged as an indispensable tool for success. Whether you’re a small startup or an established multinational company, self storage offers a practical, affordable, and secure way to handle the demands of modern business. As businesses grow, they…
Read More
Estate Agent Talk

How much would Bridget Jones’ iconic London apartment cost today?

How much would Bridget Jones’ iconic London apartment cost today? A new study has revealed that the average price to purchaseBridget Jones’ iconic London apartment in the Borough Market area is now £415,090. The study calculated that this is a price increase of 182% since the first film premiered in 2001. The research obtained data…
Read More
Breaking News

Breaking Property News 21/01/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   An uncertain 2025: making the property market work in your favour Property experts across the country are predicting that 2025 will be a buyer’s market, offering potential new property owners more negotiating power and putting sales on the increase. According to recent analysis by…
Read More
Breaking News

Breaking Property News 20/01/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Harnessing technology to reduce wildfires in Southern California Amy Polvado Chairwoman, US Proptech Council | Host, CRE Morning News Show, Proptech Genius Podcast | Founder & CEO, Facilimax | Author, From Data to Deals | Two-time winner of a Congressional Award. ‘First, I would like to say…
Read More