London house prices still falling.

March 13, 2015

House prices in London appear to be detached from the rest of the UK, according to the RICS they are still falling, more surveyors reported that property prices had fallen in the three months to the end of February than those who reported price rises. the opposite being true in the rest of the country. There has been strong house price growth in London from the beggining to the middle of last year, the oncoming election appears to creating uncertainty and London appears to be affected the most.

The Royal Institution of Chartered Surveyors reported that house price growth accelerated in the South West of England and South East of England, this was mainly the result of a lack of supply of homes on the market. Recent surveys by lenders, the Nationwide and the Halifax, suggested that prices fell on average across the UK in February compared with the previous month.

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

Ticking time bomb that could be growing in your garden

Property industry body flags the ticking time bomb that could be growing in your garden rapidly during the summer months There have been widespread concerns about Japanese Knotweed over the years, but for those who may not be aware of the pesky plant, Propertymark highlights that now is the time to act, as warmer conditions…
Read More →
Breaking News

Working-age Britons, poorest households

Working-age Britons, poorest households and the North East are suffering most from substandard housing, new data shows Never before seen analysis of the latest English Housing Survey has exposed the staggering inequalities in the monetary and social cost of living in poor-quality homes. In the North East, households are paying five times more than those…
Read More →
Breaking News

Deposit Size Could Make or Break Your Budget in 2025

Mind the Deposit Gap: Why Your Mortgage Deposit Could Make or Break Your Budget in 2025 As UK homeowners and buyers face rising costs and tight affordability, specialist lender Hodge Bank warns that the size of your mortgage deposit could now play an even bigger role in long-term financial wellbeing. Hodge is urging homeowners and…
Read More →
Breaking News

Government continues to withhold Renters’ Rights Bill court impact study

Government continues to withhold Renters’ Rights Bill court impact study, citing policy ‘safe space’ despite ‘unacceptable’ court delays Reapit appeals decision. The government has again declined to publish its Justice Impact Test for the Renters’ Rights Bill, this time in response to a Freedom of Information request, citing the need to preserve a “safe space”…
Read More →
Breaking News

Urban Property Values Outpace Coastal & Countryside Markets

City Living Resurgence as Urban House Prices Outpace Coastal and Countryside Markets The latest research from eXp UK has found that city living is firmly back in favour, with the nation’s major cities seeing a stronger average rate of house price growth compared to coastal and countryside locations. The research by eXp UK analysed the…
Read More →
how to present your property for sale
Breaking News

This one property size has grown by almost 20% in the last five years

The latest research from over-50s property specialists, Regency Living, reveals that the average size of park homes in England has increased by almost 20% over the past five years, reflecting a growing demand for park homes as primary residences, not just holiday getaways. Regency Living has examined the five-year change in the average footprint of…
Read More →