Midlands and North currently enjoying steady price growth according to Home.co.uk

January 12, 2018

Latest Home.co.uk Asking Price Index report – January 2018 released today headlines ‘Northern House Prices Up.’

In the headlines section Home.co.uk state that: Home prices tick up by the slightest margin this month, taking the mix-adjusted average for England and Wales up 0.1% since December and 2.7% year-on-year.

Home.co.uk reveal that the Midlands and the North are currently enjoying steady price growth whilst falling marketing times show that demand is strong.

Doug Shephard, Director at Home.co.uk said:
“Prompted by several sensationalist headlines over recent weeks suggesting the immediate demise of the UK property market we elected to take the long view this month.

“A 10-year perspective helps put the various trends in the current property market in context. A slowly deflating London market is to be welcomed, as is the steady (non-volatile) growth occurring in many regions. All these current trends lead towards a more stable property market.

“Home price growth in the North will stimulate more investment in regeneration projects and create more much-needed jobs. The North East in particular, probably the last region to still be haunted by negative equity, has the long road to recovery before it.

“Of course, we mustn’t be complacent. Despite these relatively calm waters there are dark clouds on the horizon. At some point interest rates will need to be raised further in order to return to more normal levels. The Bank of England took the first step towards this goal in November, but will doubtless be very careful not to raise them too quickly and cause panic in the markets.”

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

bank of england interest rate
Breaking News

Bank of England’s rate hold

The Bank of England has held interest rates at 3.75% for the sixth consecutive time. Matt Smith, Rightmove’s mortgage expert, says: “The Bank of England’s decision to hold the base rate will come as welcome news to mortgage borrowers, particularly those on tracker mortgages whose monthly repayments move in line with changes to the base…
Read More →
yopa sales 2017
Breaking News

54,000 properties hit market during back to school rush

Over 50,000 homes have hit the market since the nation’s schools returned following the summer holidays, with the level of property for sale climbing by as much as 35% across some areas of England, according to the latest research by Yopa. The full-service estate agency analysed the number of homes listed for sale across each…
Read More →
Estate Agent Talk

69% of homebuyers would compromise on their property

New research from UK Property Development reveals that 69% of recent UK homebuyers would be willing to compromise on the property itself to live in a better location, while 65% say they would pay more for a home if the location was right. The findings, from a survey of 1,016 recent UK homebuyers*, highlight the…
Read More →
Breaking News

The UK towns boasting +80% house price growth amid nationwide drop

For the first time since 2023, UK house prices have dropped. However, many areas are bucking the recent news, with strong growth overall in the last 5 and 10 years. The cash house buyers and property experts at Sell House Fast have compiled ‘The Property Prosperity Index’, revealing the best places to buy and sell property…
Read More →
Estate Agent Talk

London remains destination of choice for international property wealth

The latest research from London lettings and estate agent, Benham and Reeves, has revealed that London accounts for 43% of all property titles owned by overseas companies across England and Wales, highlighting the capital’s enduring appeal as an international property investment destination. Benham and Reeves analysed the latest Land Registry Overseas Companies Ownership Data to…
Read More →
to let sign 2025
Breaking News

First drop in rental supply in three years pushes rents higher

Rental growth set to accelerate to 4–5 per cent by the end of 2026 as higher mortgage rates keep would-be buyers renting for longer, reducing rental supply UK rents are 2.6 per cent higher in the 12 months to July 2026, up from 1.6 per cent in February and are on track to reach 4-5…
Read More →