House prices fall overall in August in England and wales according to Home.co.uk

August 15, 2018

Latest Home.co.uk Asking Price Index report – August 2018 headlines ‘Home Price Falls Spread Across More Regions’.

According to Home.co.uk, Home prices in England and Wales fell overall by 0.3% this month, the largest falls were in London and the South East.

The report reveals that home prices have experienced a downward correction in the face of rising supply and falling demand, Rising supply has led to market saturation in the East of England, and this region looks set to join London and the South East in negative year-on-year growth before the end of the year.

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

“So Mark Carney and his committee of rate setters at the Bank of England actually went through with a mini-hike of +0.25% this month.

“Okay, so it’s not going to ‘break the bank’ for most property owners and investors, but with London prices on the ropes and many other regions set to follow suit, the timing is far from great for the UK property market. Moreover, the last time they did a quarter point rise, GDP growth stopped dead for three months.” more….

Read the Home.co.uk Asking Price Index report – August 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

Rental supply climbs 15% despite landlord uncertainty

The latest research from Dwelly has found that, despite what has been an incredibly uncertain year for landlords – marked by political back and forth over the Renters’ Rights Act, its eventual approval, and the additional 2% tax hit delivered in last week’s Autumn Budget – there are currently 15% more rental homes available to…
Read More →
Breaking News

FCA sets out plans to help build mortgage market of the future

First-time buyers and the self-employed could get a step-up onto the housing ladder, under new plans from the FCA. Its priorities for reforms to the mortgage market also include helping homeowners unlock housing wealth for a more comfortable later life. The FCA will focus on 4 areas: First-time buyers & underserved consumers: Simplifying mortgage rules…
Read More →
Breaking News

UK housing market modest growth expected in 2026

UK housing market steady in 2025, modest growth expected in 2026 • UK housing market performed broadly in line with expectations over the last year • Limited annual growth of +0.7% lifted the average property price to a new high of £299,892 • Market activity was influenced by stamp duty changes but overall remained close…
Read More →
Breaking News

Cladding remediation work stalls – when will we realise that this is a matter of life and death?

The most recent government data shows that the UK is monitoring more high-rise buildings with potential cladding risks than ever before, yet fewer are actually entering remediation. Property Inspect UK is now warning that the widening gap between identification and action reflects a persistent structural issue in how remediation is managed, verified, and delivered. As…
Read More →
Estate Agent Talk

3 Top-Rated Garages in Northampton

Car maintenance can be stressful if you are unsure which garage to trust to deliver precise and timely service. Choosing a garage that handles repairs carefully ensures your vehicle remains safe and performs reliably on the road. In Northampton, several garages stand out for their consistent service quality and attentive customer care. They provide support…
Read More →
Breaking News

Slight easing in affordability pressures helps underpin buyer demand

Housing market activity remained resilient in 2025 House price growth expected to be in the 2% to 4% range in 2026 Looking back at the housing market in 2025 and what we can expect in 2026, Robert Gardner, Nationwide’s Chief Economist, comments: “The word that best describes the housing market in 2025 is ‘resilient’. Even…
Read More →