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

Breaking News

Breaking Property News 13/2/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   96% of proptechs fail to get to series A funding – here is why Thought Leadership by Andrew Stanton, CEO Proptech-PR The proptech sector has never been short of ideas. From AI-driven valuations and digital conveyancing to smart buildings and tokenised real estate, innovation in property…
Read More →
Breaking News

Landlords unprepared for the Renters’ Rights Act

Three quarters have made no preparations for the end of Section 21, despite major reforms taking effect from May 2026 New research from Inventory Base has revealed widespread lack of preparedness among UK landlords ahead of the first phase of reforms under the Renters’ Rights Act (RRA), due to come into force on 1 May…
Read More →
Breaking News

Why capital is staying in London despite a cooling housing market

By Joe Freedman, Head of Origination at ASK Partners London isn’t suffering from a lack of housing demand. It’s suffering from a failure to deliver. New data from Molior underlines the scale of that failure. Just 5,547 private homes broke ground across the capital last year, an 84% drop from a decade ago. Against an…
Read More →
Breaking News

The hidden risk of overvaluing your home when moving in today’s market

With many homeowners turning ambitious conversations into tangible moving plans, the start of the year traditionally marks a surge in activity, particularly for families planning for the future. While the property market remains fundamentally healthy, experts at Beresfords say overvaluing property is one issue that continues to undermine the progress of those looking to sell.…
Read More →
Rightmove logo
Breaking News

Rightmove launches next phase of AI-powered property search

Rightmove, the UK’s largest property platform, has launched a beta version of AI-powered conversational property search, as it continues to enhance its property search experience. In close collaboration with Google Cloud and built with Google’s Gemini models, conversational search is available via the property search bar on Rightmove’s website homepage. The latest move further expands…
Read More →
Breaking News

Should you break things off with your mortgage lender this Valentine’s Day?

As Valentine’s Day approaches, the latest research from award-winning mortgage adviser, Alexander Hall, has revealed that more than half of homeowners approaching the end of a fixed-rate mortgage are currently undecided on their relationship with their lender, despite notable improvements across the mortgage market over the last 12 months. The consumer insight, commissioned by Alexander…
Read More →