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

Love or Hate Rightmove
Breaking News

Record high rents as landlords brace for budget impact

Average advertised rents outside London hit a 19th consecutive quarterly record of £1,344 per calendar month (pcm), up 5.2% from last year, although this is the slowest rate of growth since 2021 London rents also hit a new record at £2,694 pcm, 2.5% higher than last year (£2,627 pcm) The balance between supply and demand continues…
Read More →
Estate Agent Talk

How to Fetch Faster Results in Real Estate Business Using 3D Animation?

Architects and realtors are well aware that computer-generated images (CG movies) are an effective tool for their presentations and marketing materials. The only issue is that having them manufactured can be time-consuming. Depending on its complexity, a 3D animation project can take anywhere from a few weeks to over a month to complete. However, in…
Read More →
Estate Agent Talk

Successful Marketing Ideas: Leaflet Distribution

In an age where digital channels reign supreme, the tactile feel of a leaflet can bring a refreshing twist to your marketing strategy. Leaflet distribution is not just a tried-and-true method, but when executed properly, it has the power to penetrate the market with a tangible, physical message. As businesses seek to create meaningful connections…
Read More →
Estate Agent Talk

Cash sales: Biggest shifts in outright property purchases in the UK

A new study uncovers the dramatic rise and fall of cash property sales in the UK over the last decade. Inverclyde saw a staggering 39.4% surge in cash sales since 2013, with over half of all properties bought outright in 2023. In stark contrast, Harlow witnessed a shocking 44.9% plunge in cash buyers during the…
Read More →
Estate Agent Talk

The Importance of Residential Surveys and Home Buying Reports

When it comes to buying a property, it’s easy to get caught up in the excitement of finding your dream home. However, it’s crucial not to overlook the importance of conducting a residential survey and obtaining a home buying report. These essential tools provide valuable insights into the condition and value of a property, allowing…
Read More →
Breaking News

Landmark Information Group Q3 2024 Property Trends Report (England and Wales)

Despite surge in housing supply, economic and political climate continues to put downward pressure on completion rates Landmark’s newly released Q3 Residential Property Trends report demonstrates a detailed analysis of the housing market, providing data from July to September 2024. The report highlights that high supply is offset by slow completions, with economic and political…
Read More →