Imbalance between supply and demand pushes house prices even higher.

A second month in a row that house prices rose following reports from Halifax, inflation in the property market is showing no signs of slowing which is really a scary situation for the future of the country.

A 1.7% rise from December 2015, making the average price of a home or should we say investment property now at £212,430 according to Halifax which is equates to over 10% increase from last year

The situation is clear for many, a severe lack of new housing being built and added to that immigration in to the UK at unsustainable levels means the demand for a place to live, in some cases as recent news reports regarding rogue landlords have been showing, even a need for a roof over your head in over crowded conditions is increasing.

Is there going to be light at the end of the tunnel? Will the predicted off load of property from landlords, said to be around half a million properties, change the market condition out there?  Will the Government start building new homes or are they concerned that will cause a collapse of inflated house prices and simply put most of the country in negative equity so spending falls and recession hits? Martin Ellis, an economist at Halifax, is quoted as saying: “This situation looks set to persist over the coming months.”

Interest rates remain low, employment figures are high, though just how they are I am not sure with current immigration, mortgages approvals rising… Points to house prices going up, up and for many out there, up and away from our affordability.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More