Marc von Grundherr of Benham and Reeves comments re Housing Price Index

April 25, 2019

Following the recent Hometrack House Price Index, Marc von Grundherr comments:

“The weakest rate of house price growth in just over six years demonstrates the current difficulties faced by many residing and selling in our major cities.

City living will always command a higher price premium and while these markets are more susceptible to the influences of Brexit doom and gloom at present, they will also be the first to see a sharp revival.

I think it’s a tad unfair to say that demand has weakened across London and the surrounding areas. The capital remains the pinnacle of UK property investment and homeownership and a prolonged period of political uncertainty won’t change that.

While a larger degree of buyers remain on the fence for the time being London certainly hasn’t fallen out of favour and remains the most in demand region of the UK.”

Founder and CEO of Springbok Properties, Shepherd Ncube, commented:

“It would seem a real-life property fable of the tortoise and the hare is materialising across the UK market. The cities to have registered more notable price growth levels since the market crash are now seeing this pedigree subside, whilst the less inflated regional cities are demonstrating some stamina to come to the forefront of the price growth rankings.

Prices are holding firm for the large part and this shows promise for the market beyond Brexit, if we will ever see such a thing.

To say the housing cycle is unfolding is perhaps a little dramatic. The cost of borrowing remains very affordable with no hike in rates likely in the short to medium term, an adjustment in asking prices is benefitting those buyers that do take the plunge and prices remain robust enough for sellers that are genuine about moving.

All in all, the market is in a strong position.”

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Letting Agent Talk

Landlords and tenants advised to work together to get through extreme heatwaves

With some areas set to be hotter than Portugal this week, lettings and estate agents across the UK are issuing advice to protect properties ahead of extreme weather Prolonged periods of hot weather across the UK are placing additional pressure on homes, from overheating and poor ventilation to damage caused by extreme temperatures. Today, lettings…
Read More →
Estate Agent Talk

Nearly half of UK home listings fail to sell

A London estate agent has warned that thousands of homeowners across the UK are pricing themselves out of the market by setting asking prices that no longer reflect what buyers are willing to pay. The warning comes after new analysis by Zoopla, covering more than two million property listings between 2023 and 2026, found that…
Read More →
Rightmove logo
Breaking News

Lowest number of new build developments coming to market since 2017

New analysis from the UK’s largest property platform Rightmove reveals that the number of new build housing developments coming to market is at its lowest level since January 2017 The figures are despite the government’s target to build 1.5 million homes over the course of this parliament Higher mortgage rates continue to set a challenging…
Read More →
Estate Agent Talk

What Every Estate Agent Should Tell Clients Before Moving Day

For most estate agents, the job is done once contracts are exchanged, completion takes place, and the keys are handed over. For your client, however, that’s when one of the biggest challenges begins. Moving day has the power to turn months of excitement into an incredibly stressful experience, or a smooth finish to what has…
Read More →
Breaking News

Breaking Property News 9/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   PropTech is evolving but WhatsApp is still winning the Property transaction battle A home-moving process that a decade of PropTech failed to fix   Thought leadership by Olivier Jauniaux Founder of NestLink There are a particular series of messages, somewhere in every property chain, that decides whether…
Read More →
Breaking News

Heatwaves haven’t diminished love for south-facing gardens

The latest research from Yopa reveals that despite 81% of people saying they have been avoiding their garden during the recent heatwaves, south-facing gardens continue to be the preferred orientation of choice for UK homeowners, attracting house price premiums of over £20,000 on average. However, the insight from Yopa also suggests that should heatwaves become…
Read More →