UK House Price Index – Industry Reaction

“Some positive movement but a similar picture of a housing market in limbo and this will no doubt continue to be the case as we approach yet another B-Day. However, as we wait with bated breath for the final curtain to fall at the end of this month, a critics review of current market conditions could certainly be worse.

Property values remain robust for the large part, particularly across the new homes sector, and there continues to be an appetite for homeownership that stretches the length and breadth of the nation.

Despite London bearing the brunt of political uncertainty, the price of new build properties has grown at more than double the rate of existing stock since the referendum vote, with similar trends across the sector on a national scale.

This demonstrates the underlying strength of the market and all in all, we’re simply not seeing the abandonment of the UK property sector that many have predicted and this bodes well for life after Brexit and the year ahead.”

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

“The closer we come to an apparent EU exit, the more likely it is that even the most fearless home buyer or seller will hold tight until the dust has settled, and so further downward trends should be expected until the start of next year at the very least.

Of course, much is dependent on the outcome and I don’t think anyone believes that come September we will be in any better a position than we are now, however, the world of the UK property market continues to turn and now is arguably a great time to buy, particularly in the capital.

Although London’s high-end has seen a decline in places, the bread and butter London buyer has been out in force, and a higher level of foreign investment due to a weaker currency has seen house prices remain buoyant in the majority of boroughs.

Those aspirational London buyers who remain sat on the fence over Brexit would do well to strike while the iron is, well uncertain, as we will only see market values strengthen as time goes on.”

Founder and CEO of Springbok Properties, Shepherd Ncube, commented:

“Away from the slapstick antics of Westminster people have long grown weary of the horror stories surrounding the UK property market and, in fact, for the average UK homebuyer, current conditions are close to idyllic.

The affordability of mortgage products remains favourable thanks to consistently low interest rates and while the rate of price growth may have slowed, you will do well to find a bad bricks and mortar investment outside of the M25.

We’ve grown accustomed to astronomical annual increases in property values and while this is great for homeowners, it does little to address the current housing crisis and the monumental task of getting a foot on the ladder.

While prices remain far from affordable for many, those looking to get on the ladder would be forgiven for asking for a bi-annual Brexit just to help reduce the ever-escalating financial hurdle of home buying.”

Properganda PR

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

You May Also Enjoy

Breaking News

Mortgage approvals bounce back in May

The latest figures show that: – Mortgage approvals on house purchases for May sat at 63,032 up 3.9% from 60,656 in April. The monthly increase seen in May marks the end of four months of previous decline, with approval levels having fallen each month since January of this year. Approvals are also 2.5% higher than…
Read More
Breaking News

Money and Credit – May 2025

Key points: Net borrowing of mortgage debt by individuals increased by £2.8 billion to £2.1 billion in May, following a large decrease in net borrowing of £13.8 billion to -£0.8 billion in April. Net mortgage approvals for house purchases increased by 2,400 to 63,000 in May. Approvals for remortgaging also increased by 6,200 to 41,500…
Read More
Breaking News

A Year on from Reform: Leasehold Practitioners Call for Clarity

A recent survey of ALEP members reveals widespread frustration over unfinished legislation and uncertainty A year after the Leasehold and Freehold Reform Act (‘LAFRA’) appeared on the Statute Books, a new survey of property professionals reveals that while reform remains welcome in principle, confusion and delay have left leaseholders, freeholders and their advisers in limbo.…
Read More
Countryside
Breaking News

Countryside charm continues to drive downsizer demand

The latest research from over-50s property specialists, Regency Living, reveals that England’s countryside locations continue to attract strong demand for park home living and lead the way in quarterly growth during Q2 2025. Regency Living analysed current park home for-sale stock listed across every English county, identifying where demand has increased the most since Q1…
Read More
Breaking News

South East tops table for shared living demand

The South East is home to the most competitive house share rental market in Great Britain. That is according to the House Share Demand Index for Q2 2025 from COHO, the HMO management platform, which found that one in five (19.9%) house share opportunities in the region were snapped up by tenants in the second…
Read More
Breaking News

Surge in choice for home buyers drags house price growth down to 1.4 per cent

Zoopla cautions serious sellers to price realistically to secure a sale Sales activity continues to run at the fastest rate for four years, with more homes for sale meaning more buyers looking to secure a sale However, UK house price growth slows to 1.4 per cent as the number of homes for increases 14 per…
Read More