Supply is up on last year and properties spending longer on the market overall according to Home.co.uk

June 13, 2018

Latest Home.co.uk Asking Price Index report – June 2018 headlines ‘Oversupply and overpricing threaten to stall market.’

The report reveals: Overall, supply of property for sale in the UK is up by 11% and the total stock for sale has increased by 8.5% year-on-year.  In June 2017 the annualised rate of increase of home prices was 2.8%; today the same measure is just 1.4%.

The report states in it’s leading paragraph: The property drought that helped drive prices to notable highs over the last five years has come to an end. Supply is up considerably on last year, especially in post-boom regions, and properties are spending longer on the market overall.

Supply changes show a clear market shift compared to a year ago: up by 11% across the UK, with the biggest increases found in the East of England (+20%) and the South West (+21%) year-on-year (YoY) according to Home.co.uk, home prices notched up another 0.7% this month, buoyed by a flood of overpriced properties.

Read the Home.co.uk Asking Pice Index report June 2018 in full including comments from Doug Shephard (Director) 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

Fewer than 1 in 5 homebuyers find their perfect property

The latest research from Yopa has revealed that fewer than one in five homebuyers would describe the home they purchased as their “perfect property,” with outdoor space and overall size the most common compromises made during the buying process. The survey of recent homebuyers, commissioned by Yopa, found that 58% began their property search with…
Read More →
Breaking News

Average homebuyer travels 330 miles to find their ideal property

The latest research from The Property DriveBuy reveals that the average homebuyer travels 330 miles to find their ideal property when it comes to the distance between their current home and chosen location, as well as the miles clocked up in between viewings. The survey of UK homebuyers*, commissioned by The Property DriveBuy, found that,…
Read More →
Breaking News

Why first-time buyers should start the financial conversation early

Award-winning mortgage adviser, Alexander Hall, is encouraging the nation’s first-time buyers to open up about their finances this Talk Money Week, offering expert guidance on how to make these conversations more natural, productive, and stress-free. What is Talk Money Week? Talk Money Week is a national initiative created by the Money and Pensions Service (MaPS)…
Read More →
Breaking News

Breaking Property News 5/11/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Ordance survey and HMLR programme unveils its six new startups Property inspection app Survey Shack has been selected as one of only six startups forming part of the 21st cohort of the award-winning Geovation Accelerator Programme from Ordnance Survey (OS) and HM Land Registry (HMLR). The programme…
Read More →
Breaking News

Bonfire Night could cause £1,500 in property damages

New research from Adiuvo, the UK’s leading provider of 24/7 property management support, warns that Bonfire Night could cost renters an average of £1,475 in property damage if proper care is not taken, but that with a few simple safety checks in place, the much-loved evening of celebration and community can go off without a…
Read More →
Estate Agent Talk

Buying a Home? What you need to know about asbestos

Asbestos is a well-known issue in UK housing – but while it’s rightly treated with caution, it doesn’t need to cause alarm. With the right advice and professional guidance, it’s a manageable problem that shouldn’t stand in the way of purchasing a dream home. Used widely in construction until 1999, asbestos is often found in…
Read More →