Property prices in UK fall an average of £5,000 in the last month

November 19, 2018

Without a doubt, browsing property on Rightmove or Zoopla where reduced listings are highlighted, it is now a common theme to see house prices being dropped in order to attract buyer attention. A headline released on Daily Mail online today states ‘Property prices have dropped by more than £5,000 in the past month alone‘.

Rightmove figures show that a first year on year asking price fall has occurred since 2011 with £5,000 average being knocked off of prices in the last month. A recent report I looked at showed that property portals are awash with reduced asking prices.

So with house prices lower than they were a year ago and with a very uncertain Brexit looming sometime ahead, has the pack of cards suddenly collapsed in the UK housing market and that endless upward trend now going to adjust itself? More realistic house prices will be the theme ahead for those looking to sell property?

Miles Shipside, of Rightmove, said: ‘Stretched buyer affordability and the cooling markets in the South and in upper price brackets have combined with the ongoing political uncertainty to change pricing optimism into pricing realism.’

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

Zoopla’s 2025 Year in Property: Rural dreams, fastest moving markets and an optimistic end to the year

It’s been a popular year for rural living, with a three-bed detached home in South-West Wales taking the top spot for the most viewed property. The average time to sell in 2025 was 38 days, up from 35 days in 2024. Three-bed terraced properties were the most popular property type. Falkirk in Scotland remains the…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

87,000 transactions set to complete in December

Here’s 6 tips for a stress-free Christmas move With an average of 87,000 home sales taking place during the month of December, Property DriveBuy has compiled practical advice for those due to complete this festive season, a time already known for being one of the busiest and most emotionally charged periods of the year. Despite…
Read More →
Breaking News

Here’s where property values have tumbled this year

While much of the UK housing market has managed to stay on Santa’s nice list this year with modest price growth, new analysis from Springbok Properties shows that a number of local areas are going to find a lump of coal in their festive stockings when it comes to the level of house price appreciation…
Read More →
Breaking News

Halifax House Price Index November – Thoughts from the Industry

Halifax House Price Index for November 2025 shows that: – On a monthly basis, house prices were broadly unchanged in November (0%) after a 0.5% monthly increase in October Annually, house prices were up 0.7% versus this time last year. As a result, the current average property price is now £299,892.   Here are some…
Read More →
Breaking News

Halifax House Price Index November 2025

House prices in November 2025 were flat compared to the same month a year earlier. UK house prices hold steady as yearly growth slows • House prices were broadly unchanged in November (+0.0%) after a +0.5% rise in October • Average property price is now £299,892, edging up to another new record high • Annual…
Read More →
Rightmove logo
Breaking News

Skipton in North Yorkshire crowned 2025’s happiest place to live

Skipton in North Yorkshire has been crowned the happiest place to live in Great Britain for the first time, in an annual study completed by thousands of residents across more than 200 local areas Residents of Skipton ranked the market town particularly highly for its access to nature and green spaces, the friendliness of the…
Read More →