Weekend news shows UK House Price Falls

October 8, 2018

“UK house prices post biggest fall since April as mortgage approval rates rise.”

Alongside headlines such as ‘Average house prices cool‘ it has certainly been a few days of news to interest would be buyers and especially those outside owning their own property and likely to be sat in rented waiting for prices to fall. Of course, countdown to Brexit is very much one some people’s mind from fear that it may effect the UK music industry magically made up by Bob Geldoff to Lloyd’s CEO, Inga Beale, revealing news that the company was investigating moving insurance contracts over to Brussels to lessen the effect of Brexit – There is also great fear that Brexit in full will have an effect on UK house prices due to decrease of immigration and fear that London’s inflated house prices and foreign investors will start to see price falls and thus a chain reaction across the country.

These include drug, fuel and energy shortages as well as the collapse of the pound, a drop in house prices and businesses relocating… Quotes from Sunday Express re May and her Brexit talks

Though of course, reading the small print as many of us should always do, we can read it with less fear if you are a home owner / investor as the annual growth still shows a positive figure. House building is still no where near where it should be and demand for property is very high – Though a recent report I released showed that many sellers of property have had to acclimatise their expectations on valuation with many property prices being reduced in order to attract buyers. Is it just a time where the market is going to slow down, small price adjustments and then things will kick off once again and another price hike of UK property will emerge once again?

Still very much a market suited to home owners, but could this soon change? Scare tactics based on no strong foundations maybe?

 

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Letting Agent Talk

The Flats Above the Shop Problem

Why residential property hidden inside commercial ownership keeps causing trouble By Adam Hills, Client Services Director, LRG Living Markets Somewhere in many commercial property portfolios sits a small collection of front doors that was never really part of the plan. Many large and small retailers inherit residential property portfolios by default as part of mixed-use…
Read More →
Estate Agent Talk

Buying Alone? What Solo Buyers Need to Know Before Making an Offer on a House

Figures show that solo buyers accounted for 36.9% of Barclays’ mortgage completions in June 2026, as more people chose to step onto the property ladder without a partner beside them. Choosing independence over waiting for a joint purchase has doubled over the last 50+ years, with solo first-time buyers doubling from 15% before 1980 to…
Read More →
Estate Agent Talk

How to Make a New-Build Living Room Feel Less Like a Show Home

An empty new-build living room can be surprisingly difficult to furnish. The walls are freshly painted, the sockets are in place, and there is nothing to remove before decorating begins. Yet once the sofa arrives, the room can still feel unsettled: too bare in some places, awkwardly crowded in others. The answer rarely involves buying…
Read More →
Breaking News

Mortgage Borrowing Dip

Key points: Net borrowing of mortgage debt by individuals decreased to £3.9 billion in September, from £4.2 billion in August, below the previous 6-month average of £4.9 billion. Net mortgage approvals for house purchases decreased to 53,400 in September, below an average of around 58,800 over the previous 6-months. Approvals for remortgaging increased to 42,600…
Read More →
Breaking News

Autumn Budget 2026: Property industry reaction

Following today’s Autumn Budget, reaction from property industry experts on six key areas for the property market. First-time buyer support: The £4.7bn Your First Home equity loan scheme, supporting 70,000 buyers, alongside the introduction of a new First Time Buyer ISA. Inflation and borrowing costs: The extension of the fuel duty freeze, household energy support…
Read More →
Breaking News

Can you legally BAN Halloween Trick or Treaters?

People who dread the annual knock of trick-or-treaters may have more power to keep Halloween callers away than they realise. As millions of children prepare to take to the streets on October 31, a property law expert has explained what homeowners can do if they do not want strangers walking up their path or knocking…
Read More →