No signs of recovery in London as downward slide continues according to Home.co.uk

The latest Home.co.uk Asking Price Index report – February 2018 released today headlines ‘Midlands Forges Ahead while London Prices Slide.’

The report shows strong price growth in the Midlands and Yorkshire keeps national average positive despite London falls, there are no signs of a recovery for London as the downward 21 month slide continues.

The report states in its summary section: London’s post-boom malaise continues with the number of properties on the market increasing as prices deflate. The East and South East of England are also suffering the same post-boom hangover with overly high valuations weighing heavily on prices and lengthening marketing times. more……

Doug Shephard, Director of Home.co.uk said,
“So, for the time being, the UK property market is in good shape overall.

“London’s malaise continues as the froth settles but prices, thus far, appear to be correcting in an orderly way and, as long as interest rates remain low, we expect that trend to continue.

The Midlands look set to put in another good performance this year before slowing down. Likewise, the trend towards recovery and price growth in the North looks set to continue at least until 2020 as long as mortgage credit doesn’t dry up.” more…..

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

Estate Agent Talk

Top Tps For Buying Your First Property

Buying your first property is an exciting milestone, but it can also be overwhelming. With the right knowledge and preparation, you can navigate the process smoothly and make informed decisions. Here are some top tips for first-time property buyers in the UK, designed to be simple and easy to understand. Top Tps For Buying Your…
Read More
Estate Agent Talk

How much less can you expect if you sell your house for cash in 2024

When selling a house in the UK, opting for a cash sale often means accepting a lower price compared to a traditional open market sale via an estate agent. This reduction is down to a few factors including convenience and the speed of the transaction, which can be highly attractive to sellers looking to cash…
Read More
Rightmove logo
Estate Agent Talk

Rightmove’s weekly mortgage tracker

Headlines   The average 5-year fixed mortgage rate is now 4.97%, down from 5.91 % a year ago The average 2-year fixed mortgage rate is now 5.35%, down from 6.42% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.97%, down from 5.90% a year ago The average 60% LTV 5-year…
Read More
Estate Agent Talk

Preparing Your Essex Home for Sale: A Step-by-Step Guide

Selling your home can be a complex process, but you don’t have to navigate it alone. Experienced estate agents in Loughton and across Essex play a crucial role in helping you prepare, market, and sell your property. Their expertise and local knowledge can streamline the selling process and maximise your chances of a successful sale.…
Read More
Estate Agent Talk

Optimising Your Property Investment With Financial Expertise

Property investment can be rewarding, especially when approached with the right financial expertise. A well-planned property investment strategy, supported by professional advice, can significantly enhance your returns and minimise risks. Ready to learn more? Keep reading as we share tips on optimising your property investment with financial expertise. Leveraging Mortgage Brokers For Success Mortgage brokers…
Read More
Breaking News

Breaking Property News – 09/07/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Fine & Country increases international marketing and growth focus   Premium estate agency, Fine & Country is increasing its focus on international growth by launching new marketing initiatives to support its existing international network as well as expanding into new markets. This underscores Fine & Country’s commitment…
Read More