Rents to continue to slide and home values to follow in short term says Home.co.uk

November 14, 2017

Home.co.uk today released their Asking Price Index report November 2017 headlined ‘Don’t Panic: Stock Levels are Low and Demand Persistent.’

The summary section leads with: ‘Falling London prices and seasonal factors are weighing heavily on the national average, despite continued price growth in the country’s most vigorous regional property markets (both the East and West Midlands and the North West).’

The report mentions: The current period of stagflation in the UK housing market has been brought about by a delicate balance between regions that show growth and those that are now price correcting post-boom.

Doug Shephard, Director at Home.co.uk said:

“So is this the ‘top’?” is the question on the lips of many observers of the property market.

“Sensational reporting of the most recent RICS survey would have us believe that it’s all downhill from here, but without a crystal ball we cannot be certain. Looking at the facts, annualised growth has certainly reduced from the heady heights of previous years. This year, overall price growth appears to have stabilised around the 3% mark: less than inflation but certainly not negative. Given that above-inflation growth will continue in the Midlands and the North in 2018, the fate of the national growth figures will depend on how severe the correction will be in London and the South East.” more….

Read the Home.co.uk Asking Price Index report November 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

Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker – 30/04/25

Rightmove’s mortgage expert Matt Smith says: “Average rates have continued to slowly come down over the last week, while the cheapest available fixed mortgage rate is a 2-year fixed rate at 3.79% for those with the largest deposits. I think lenders are now biding their time until the 8th May Bank Rate decision, and will…
Read More →
sold purplebricks
Breaking News

Latest HMRC UK Property Transactions Report

Headline statistics from the latest transactions data include: The provisional seasonally adjusted estimate of the number of UK residential transactions in March 2025 is 177,370, 104% higher than March 2024 and 62% higher than February 2025 The provisional non-seasonally adjusted estimate of the number of UK residential transactions in March 2025 is 164,650, 89% higher…
Read More →
Breaking News

Annual house price growth slows slightly in April

Annual rate of house price growth slowed to 3.4% in April, from 3.9% in March House prices down 0.6% month-on-month   Headlines Apr-25 Mar-25 Monthly Index* 539.3 542.4 Monthly Change* -0.6% 0.0% Annual Change 3.4% 3.9%     Average Price (not seasonally adjusted) £270,752 £271,316 *Seasonally adjusted figure (note that monthly % changes are revised…
Read More →
Home and Living

Transforming Rentals: Budget-Friendly Home Improvement Tips for Property Managers

Rental property management requires balancing affordable costs with units that possess both desirability and competitive qualities and comfort. The modern rental market demands upgraded properties that receive proper maintenance because these properties attract tenants quickly and result in higher rental rates. A rental property can get a fresh, appealing look without requiring major financial expenditures.…
Read More →
Home and Living

Custom Entertainment Centers and Media Cabinets: Function, Form, and Future

The evolution of how we consume media has dramatically transformed the role of entertainment centers in our homes. What began as simple television stands has evolved into sophisticated, multifunctional pieces that balance technology integration with aesthetic appeal. Custom entertainment centers and media cabinets have emerged as solutions that address both practical considerations and design sensibilities,…
Read More →
Letting Agent Talk

Maximizing Rental Income: Home Improvement Projects That Pay Off for Property Managers

Let’s talk cash flow. You’ve got a rental property in San Fernando Valley, Santa Clarita, or the always-sunny Westside of LA, prime spots for serious rental income. But if your property still looks like it time-traveled from 1992 (and not in a cool, vintage way), you’re probably losing money as you are. The good news?…
Read More →