Rents to continue to slide and home values to follow in short term says

Written by Allen Walkey on - Breaking News - 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 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 Asking Price Index report November 2017 in full click here.

Author: 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.

Mail Sign Branded Emails


Recent Popular Articles

' supplies Chestertons with high-quality leads and volume is increasing,' says agency CEO

Robert Bartlett, CEO of Chestertons and a Non-Executive Director of Agents’ Mutual, comments on as the portal marks its first birthday:  At Chestertons, we

Seminars across UK by Zoopla Property Group

In their latest news release Zoopla Property Group (ZPG) say they are rolling out a series of seminars for their members at eight locations across

Auction House numbers strengthen yet again

Auction House sales figures in May marked the fifth month in a row of improved fortunes for the group. Its five month results from January

New research from the housing charity Shelter says that families in private renting are being forced to move too frequently.

Recent report from Shelter headlines 'Over a quarter of a million families forced into debt from moving home so often'. A staggering 250,000 private renting

Estate Agents warned over 'Portal juggling'

A recent article on the website headlines Estate Agents warned over 'portal juggling' It leads... Illegal practice that misleads homebuyers on property websites in