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

February 13, 2018

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.

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