Negative News for houses prices, great news for FTB’s

March 19, 2019

News is that the average property price of a home is now 0.8% lower than it was a year ago, no ‘spring bounce’ as predicted by many – Fears are that the UK property market as over peeked and due for a correction with the likes of the comedy show of Brexit in the hands of the government adding salt to very open wounds…

The average house price, by Rightmove, now stands at £302,002. Rightmove said it was recently the lowest month-on-month increase seen at this time of year since 2011 and “considerably lower” than the 0.9% average increase seen over the past seven years.

Rightmove director Miles Shipside said: “While March marks the start of spring, temperatures have yet to rise in the housing market.

Buying activity remains cooler than usual, with hesitation as some buyers await a more settled political climate.

There’s greater resilience the further away you get from the London market, and there’s a sound bedrock of demand for the right property at the right price, reinforced by ongoing housing needs combined with cheap mortgage borrowing.”

Full story can be read on the Yahoo Finance website.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Rightmove logo
Breaking News

Bigger Boxing Day bounce expected, as prices to rise 2% in 2026

Average new seller asking prices fall by 1.8% (-£6,695) this month to £358,138. This larger than usual December drop means that prices are 0.6% (-£2,059) lower at the end of 2025 than in 2024 Bigger than usual Rightmove Boxing Day Bounce expected, as those who paused due to Budget uncertainty to join the post-Christmas boost…
Read More →
Breaking News

UK Finance Mortgage Market Forecast 2026-2027

UK Finance today releases its Mortgage Market Forecast. In 2026 we expect to see: Overall gross lending rise by four per cent to £300 billion. 10,000 fewer property transactions in 2026 compared to 2025. A 10 per cent rise in external remortgaging and two per cent rise in Product Transfers. 1.8 million fixed rate mortgages…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Home Alone still most valuable Christmas TV property

New research from Yopa reveals that the McCallister house in Home Alone continues to be the most valuable Christmas movie and TV property, while the homes of Sherlock Holmes and Bridget Jones have seen the biggest annual price increases. Yopa has looked at the estimated market value of 10 of the most famous houses from…
Read More →
Breaking News

Housing Insight Report October 2025

The latest figures reveal a steadier, more confident property market, with committed buyers driving sales and rental arrears falling to their lowest level since 2022. In spite of slight dips in demand, rising stock levels and stabilising rents signal a sector gradually finding its balance. Residential sales Prospective buyer registrations dropped in October 2025 The…
Read More →
Breaking News

9 luxury property features to impress Christmas guests

9 of the fanciest home features to impress your Christmas guests – And how much they’ll set you back As the festive season approaches and we prepare to welcome guests into our homes, Enness Global has identified nine of the most extravagant and fancy home features that define true luxury at Christmas. But impressing the…
Read More →
Rightmove logo
Breaking News

No acceleration in rental EPC improvements despite policy push

Rightmove’s 2025 Greener Homes Report reveals: Energy efficiency of homes continues to steadily improve, but slowly: Rental sector stock still more energy efficient than resale stock Both markets have seen a 3% year-on-year jump in proportion of homes with at least an EPC rating of C (58% of homes for rent, 46% of homes for…
Read More →