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.

You May Also Enjoy

Love or Hate Rightmove
Breaking News

Bank Rate cuts boost optimism for 2025 despite Budget pause

Average new seller asking prices drop by 1.4% (-£5,366) this month to £366,592, a bigger fall than the usual, seasonal 0.8% drop seen at this time of year, likely due to pre- and post-Budget jitters However, despite the dampening effect of the Budget, market activity remains stronger than last year as Bank Rate falls: The…
Read More →
Breaking News

How to market to Estate Agents UK

The UK’s property sales and letting industry is quite sizable in both volume of work and those employed within. Some 25 million dwellings in England alone exist and there were estimated to be approximately 55,500 estate agents working in the United Kingdom as of the second quarter of 2024. Up and down the country, in…
Read More →
Letting Agent Talk

Preventative Measures to Reduce the Risk of Emergencies in a Rental Home

Ensuring that a rental home is safe and well-maintained is essential for both landlords and tenants. Emergencies in a rental property can lead to significant stress, financial loss, and potential damage. However, by implementing preventative measures, landlords and tenants alike can reduce the risk of emergencies and create a safer living environment. This guide provides…
Read More →
Estate Agent Talk

Understanding the Metrics Used by Estate Agents to Determine Your Home’s Worth

Determining the value of a property can sometimes feel like a complex process shrouded in mystery. However, understanding the various metrics and considerations that estate agents use to assess your home’s worth can demystify the process and empower you as a homeowner. This blog will provide a comprehensive guide to the key factors estate agents…
Read More →
Breaking News

Breaking Property News 15/11/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Digital transformation of real estate drives profitability Press Release – London 14th November 2024 – Following the October budget, estate agents across the UK are seeking new ways to adapt to an evolving property market. Rising costs and shifting buyer expectations have driven a need…
Read More →
Estate Agent Talk

Labour’s Vision for Homeowners and Renters: Key Changes to Expect

The UK housing market continues to be a complex and often challenging landscape for both homeowners and renters. Labour’s vision for housing reform aims to address longstanding issues in affordability, security, and sustainability, setting out a series of policy proposals that could reshape the property market. Whether you are a homeowner, a renter, or an…
Read More →