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

Estate Agent Talk

Riskiest Places to Purchase Property in England

Cash House Buyer Sell House Fast has revealed the riskiest places to buy and sell property in England, based on factors such as crime rates, flood risk, air pollution levels, road collision rates, and coastal erosion risk. The 5 riskiest places for buying and selling property in England: 1 – North East Lincolnshire (Overall Risk…
Read More →
Breaking News

House prices steady in May despite broader market uncertainty

The latest Halifax House Price Index for May 2026 shows that: House prices fell by -0.1% between April 2026 and May 2026. This marks the second consecutive month of marginal monthly decline. Annual house price growth increased slightly to 0.5% in May 2026, up from 0.4% in April 2026. The average UK house price now…
Read More →
Breaking News

Halifax House Price Index – May 2026

House prices steady in May despite broader market uncertainty. House prices edged down -0.1% in May, following a similar -0.1% fall in April Average property price now £298,806, compared with £299,251 in April Annual growth up slightly to +0.5%, from +0.4% in April Northern Ireland continues to record the UK’s strongest annual growth at +7.8%…
Read More →
Breaking News

More mortgage borrowers turning to shorter-term fixes

Borrowers are increasingly turning to shorter-term fixed-rate mortgages in response to higher rates, new analysis of mortgage search activity on Moneyfactscompare.co.uk has found. The share of Moneyfactscompare.co.uk website users comparing two-year fixed-rate mortgages increased from 48.4% in February to 55.6% in May, while demand for five-year fixed deals fell from 27.7% to 21.8% over the…
Read More →
Breaking News

Fear of a chain-breaks biggest concern in current market

The latest insight from quick sale specialists, House Buyer Bureau, has found that the most common reason homeowners choose a quick sale is no longer financial hardship, ill health, or the death of a loved one, but the desire to keep their onward move on track in an increasingly uncertain housing market. The internal data from…
Read More →
Breaking News

Property auctions generate complaints at four times the rate of the wider housing market

Property auctions account for just 2% of home sales but generate more than four times their share of complaints, according to a new insight report by the Property Ombudsman. The report highlights that while auctions remain a relatively small part of the wider residential property market, they are generating a disproportionately high level of consumer…
Read More →