UK Property Market turns in favour of North and West according to Home.co.uk

September 12, 2017
what is happening to house prices

Home.co.uk Asking Price Index – September 2016 released today headlines ‘London Falls Drag Down Price Growth to Near Zero.’

Greater London prices drop again, this month by 0.6%, taking prices back to little above their September 2016 levels.

Across England and Wales average home prices dip again by 0.1% month-on-month but remain up 3.5% year-on-year.

Summary section leads: With the key markets of London, the South East and the East of England in, or headed for, the doldrums, the UK property market is clearly entering a more difficult period. Not only prices are under downward pressure, rents are now showing declines in all three regions. Low growth and falling returns in these regions will ensure that the overall picture remains one of stagflation going forward. more…

Doug Shephard Director at Home.co.uk said: The UK property market remains bipolar but now the tide has turned against London and the South and East in favour of the North and West. more….

Read the Home.co.uk Asking Price Index – September 2016 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.

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