Property investment heads north and west says Home.co.uk

March 14, 2017
what is happening to house prices

Home.co.uk Asking Price Index for England and Wales March 2017 released today headlines ‘Demand heads north as London slumps’.

Year-on-year price appreciation for England and Wales has slipped to just 2.6%, month on month shows at +0.6%.

The summary section leads with – Stagflation in the UK property market looks highly likely this year.

Doug Shephard, Director at Home.co.uk says, “Hope springs eternal but a period of rapid, near double-digit growth in UK home prices is now a long way behind us.

“This year we see underperforming regions like London and the South East weighing heavily on the national figures, keeping growth merely at the pace of inflation or perhaps less, given the weakness of the pound post-Brexit. This situation may persist well into 2018 as oversupply in both the rental and sales sectors drags down property values.

“At the same time we observe property investment head north and west in search of rising rents and underlying asset values that are less prone to post-boom correction. This additional demand is welcome stimulus for these formerly lacklustre regions which have hitherto not made a meaningful recovery post-crisis. This investment- driven boost means marketing times have fallen considerably over the last year and prices are now firmly on the rise. The North West, North East, Yorkshire and Wales have all seen their average prices rise less than 10% over the last five years. With the added tailwind of low interest rates, 2017 and 2018 look set to be years of sustainable growth for these previously underperforming regions”.

Read the Home.co.uk Asking Price Index for England and Wales March 2017 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

Alterations can change a property’s rebuild cost

‘Don’t get caught short’ warning to homeowners from valuations experts – alterations can change a property’s rebuild cost Properties change over time. Homeowners may add an extension, upgrade a kitchen or bathroom, alter the layout, or even change how the building is used, but when do those changes mean it’s time for a new rebuild…
Read More →
Breaking News

HMO conversions hit investors for £82,000 on average

The average cost of converting a property into a house in multiple occupation (HMO) is estimated at more than £82,000 across England, according to new research by residential property management specialist, Rushbrook, although investors looking to avoid the conversion process have more than 2,500 existing licensed HMOs available to purchase. Rushbrook analysed HMO property listings across…
Read More →
Estate Agent Talk

Selling a HAUNTED house?

Property lawyer reveals whether you have to tell buyers about ghosts    HOMEOWNERS selling a property with a spooky reputation have been warned that its haunted history could come back to bite them if a nervous buyer starts asking questions. From unexplained footsteps and doors opening by themselves to tales of former residents refusing to…
Read More →
Breaking News

Renters call for greater transparency in HMOs

National findings released as 1 in 5 tenants report feeling unsafe at some point during their tenancy because of a housemate Rising housing costs pushing more people towards shared accommodation      42% of tenants received no information about their housemates before moving in 60% wish they had known more about who they would be living with…
Read More →
Breaking News

Housing Insight Report: August 2026

August’s figures reveal a housing market where activity continues, but buyers are taking a more cautious approach, making realistic pricing and negotiation increasingly important. Meanwhile, growing tenant demand and limited rental supply continue to create challenges across the lettings market, highlighting the different pressures facing buyers, sellers, landlords and renters. Nathan Emerson, CEO of Propertymark,…
Read More →
mycelium growth
Estate Agent Talk

How to spot and prevent damp and mould in your home

As temperatures fall and homes become more susceptible to condensation and moisture, Propertymark is urging tenants and homeowners to be aware of the signs of damp and mould and take action early to protect their homes and their health. Two-year-old Awaab Ishak died from a severe respiratory infection after being exposed to damp and mould…
Read More →