Rate of house price growth slips to six year low – industry comments:

Founder and CEO of GetAgent.co.uk, Colby Short, commented:

The latest statistics provide yet more evidence that the UK market has failed to get out of the blocks so far this year, with the economic drag of political uncertainty continuing to influence sentiment amongst both buyers and sellers.

However, we aren’t seeing any drastic collapse in prices and while this price growth limbo is likely to persist over the coming months, things could certainly be worse, and will no doubt get better.

Managing Director of One77 Mortgages, Alastair McKee, commented:

Not the most positive reading but perhaps not as significant as it might seem.

While we’re seeing the rate of price growth slow there is still a great deal of positivity across the UK market.

As we approach peak selling season, the continued affordability of mortgage products, a reduction in asking prices and a consistent level of stock entering the market should see more positive price growth trends blossom over the coming months.  

This will only be bolstered by today’s inflation figures which show no movement and this additional interest rate security will only help fuel buyer demand.

Director of Benham and Reeves, Marc von Grundherr, commented:

The London market continues to take a bit of a kicking as a result of yet more Brexit based delays, but the best investments are often the most susceptible to more notable readjustments in times of hardship.

The current realignment of the London market is far more palatable than we’ve seen previously and as it stands, London homeowners are still sitting on a very sound piece of bricks and mortar when viewed in context with the wider UK market.

This current period of price growth respite in the capital provides far more opportunity than peril for those looking to buy and the stability of underlying market foundations that remain mean will ensure positive movement in the long-term.

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More