House prices fall in March and slump in demand continues…

A ‘cautious market’ is being used to describe the current situation in housing with a demand slump and price falls in varied news stories across the internet such as from City AM.

Rightmove’s recent report stated that property prices fell in March 2019 with no ‘spring bounce-back’ that many investors had been hoping for – Great news for those who have been priced out of the market and hoping for prices to become less over inflated.

Of course, the democratic decision to leave the EU, the good old Brexit excuse, is being seen as the biggest reason for the current negative trend… Demand now being the lowest level in almost six years (15% drop on house hunters in February 2019 to 252 average per agency which is the lowest figure since July 2013).

 

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Estate Agent Talk

Northern Ireland to expect over 25,000 new home movers

Belfast-based estate agency John Minnis has revealed that Northern Ireland is to welcome an estimated 25,000- 30,000 new arrivals from the UK and Europe over the next five years, as migration to the region reaches its highest levels in more than a decade. Recent figures show that 11,700 people relocated from other parts of the…
Read More
Breaking News

Red tape and rising costs stifling new-build availability across the capital

The latest analysis from London estate agent, Benham and Reeves, has revealed how protracted building timelines are preventing the capital’s housebuilders from delivering the level of new-build housing stock required to meet demand, with new homes currently accounting for just 7.5% of all properties listed for sale across London. Benham and Reeves analysed the latest…
Read More
Estate Agent Talk

UK’s new wave of ‘second cities’ offers strongest yield growth for property investors

The latest research from West One Loans has found that whilst investors may continue to favour the nation’s key cities such as London, Birmingham, and Manchester, a new wave of ‘second cities’ is delivering the strongest growth in rental yields. These emerging markets are offering investors the chance to achieve attractive returns, driven by rising…
Read More
Estate Agent Talk

Decline in change of use further constricting housing supply

Jonathan Samuels, CEO of Octane Capital, believes that a decline in conversion projects could ultimately prevent the Government from hitting its ambitious housing delivery targets, as the firm’s latest analysis has revealed that the number of homes created through change of use has fallen sharply in the last five years. Octane Capital analysed official Government…
Read More
Rightmove logo
Breaking News

Annual price fall driven by south, which could be harder hit by rumoured property taxes

The average price of property coming to the market for sale rises by 0.4% (+£1,517) this month to £370,257. However, average new seller asking prices are now 0.1% below this time last year following several months of muted price growth The dip in annual prices is driven by London and the south, as the south…
Read More
Breaking News

Rental market cools as Zoopla records slowest annual rent increase in four years

Average rents are 2.4 per cent higher than a year ago, the lowest annual rate in four years and less than half of that recorded 12 months ago Average rents have increased by almost £80 per week over the last five years, adding up to an extra £4,100 a year for renters, resulting in affordability…
Read More