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Versus last month, property prices ‘on average’ have really slowed across all countries. For Wales, Scotland and Northern Ireland, they are only just keeping up with inflation – which with over 50% of people who own a home, owning it outright, means no real house price growth so far this year and for those in England with just 1% increase registering, real property values are actually falling. Regionally the differences are stark. Not just from a price perspective but also from different regions showing different trends. To find out more, read Kate's latest price report.
With Brexit still an unknown and property becoming a huge political tool to capture votes at the moment, there are many opinions about what will happen next. Unsurprisingly, it can be difficult for consumers to work out what to do.
The word ‘stable’ to describe the property market has been used by many of the indices over the last few months – but no-one is describing the market as ‘strong’. What most indices agree on is that in today’s market people just aren’t being forced to sell, mainly due to rock bottom mortgage rates. To find out more, read Kate Faulkner's latest property price analysis.
In my latest price report, a recent survey by Zoopla says that “Confident homeowners predict 4.8% house price growth”. Fortunately, not everyone thinks this will happen or the market could grind to a halt even more than it already has in some areas! Find out which areas people think prices will rise by 5% or fall by nearly 7% - what do you think will happen?
