Property Bubble about to Burst – Fact or Fiction?

Once again my morning read gives us warnings over the UK property market with rumours that prices are falling and sales are slowing which could lead to a well needed price correction especially within London and surrounding regions, but could also stretch out to where prices are currently going mad ie Manchester.

The Daily Mail Online’s latest property report headlines with “house prices fall at the fastest rate since the financial crisis and sales tumble by 65 per cent“…

Is this a knee jerk reaction or a sensible prediction? Maybe just scare mongering? Either way, many of the UK will know, be them house owners or those wishing that they were, that house prices are at peek price levels, certainly last few years values have risen for no solid reason which leaves the same margins in downward trends should prices fall to readjust.

It is not confined to just the astronomical prices in London from Mayfair penthouses to ex council houses of over £300,000 in Dagenham, across the UK such as Oxford and Wycombe are also see house prices fall.

With estate agents now starting to tell those looking to sell property that they need to tempt in buyers with realistic valuations rather than put it on the market for 10% more than the same house which just sold five minutes ago, then we know we might be in for a correction in house prices and if of course the UK government deliver to the will of the majority of people who voted on leaving or not leaving the EU – Then Brexit will also take on its effect which will no doubt lead to property prices falling again. Even the business of being a landlord is a lot less profitable than it was just a few short years ago, more taxes to pay, more fines to bear and with reduced immigration likely thanks to Brexit then more property portfolios could hit the market.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Placemaking around rail is a winning blueprint

The Government has announced that around 40,000 new, high-quality homes will be built on surplus railway land, as the Transport Secretary, Heidi Alexander, unlocks brownfield sites across the country for development. Richard Beresford Chief Executive of the National Federation of Builders (NFB), said: “The Government has a chance to set a new standard in placemaking…
Read More
Rightmove logo
Breaking News

Rightmove: Average two-year and five-year fixed mortgage rates now level

Rightmove’s daily mortgage tracker shows that the current average two-year fixed mortgage rate is currently level with the average five-year fixed mortgage rate.   Both the average two-year fixed rate, and five-year fixed rate are currently 4.52% Prior to July 2025, the last time this was the case was in September 2022 before the mini-Budget…
Read More
Breaking News

UK Homemovers Relocating Over 50 Miles

UK Homemovers Now Relocating Over 50 Miles as Buyers Seek Better Value Beyond the City The latest research by GetAgent Exchange, a platform enabling estate agents to monetise out-of-area applicant leads, has found that UK long-distance movers are now relocating an average of 52 miles from their original location, rising to over 80 miles in…
Read More
Breaking News

Beach hut values soar by as much as 100%

The latest research from over-50s property specialists, Regency Living, reveals that it’s not just demand for bricks and mortar that is pushing up house prices in Britain’s most desirable coastal locations, with the average price of a beach hut soaring by as much as 100% in some seaside towns. High cost of coastal homes England’s…
Read More
Breaking News

Revealed: the most lucrative shared living postcodes

New research from COHO, the HMO management platform, reveals that the shared living market in England & Wales generates an estimated monthly rental income of £1.4bn. But which postcode areas are creating the most income from shared living? How much are HMOs making in your postcode? Find out here COHO has analysed the estimated number…
Read More
Breaking News

Mortgage approvals continue to climb in June

The latest mortgage approval data from the Bank of England figures show that: – Mortgage approvals on house purchases for June sat at 64,167 up (+1.4%) from 63,288 in May. This signals two consecutive months of growth. Approvals are also up (+5.6%) when compared to the 60,761 seen in June 2024. This growth is positive,…
Read More