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

Written by Allen Walkey on - Breaking News -

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.

 

 

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.

Estate Agent Web Site Design special offer combined with Mailsign Branded emails just £499 for interactive bespoke design.

Full Details of Web design Service 

Share
 

Recent Popular Articles


Almost £300 million government investment to deliver more homes across England


Government Investment to unlock more homes across England announced yesterday 21st March 2018. Almost £300 million government investment in Greater Manchester, the West of England


Land Registry data for May


This data provides information about the number and types of applications that Land Registry completed in May 2015. Land Registry completes 1,298,742 applications South East


Why every self respecting householder should own a scaffold tower


You’d be hard pressed to find a home owner who doesn’t own a ladder. After all, it’s one of those DIY essentials that every home


London house purchase activity decreased in the first quarter according to CML


Council of Mortgage Lenders (CML) press release today headlines 'Home buyers in London down 19% in the first quarter compared to a year ago.' New


Additional powers to control BTL mortgage market


Mark Carney the Governor of The Bank of England (BOE) has for some time now been making the point that the UK buy-to-let mortage market