The gap between asking and selling price has increased across cities as home buyers negotiate harder on the property price.
Read More
Category Archives: London House Prices
Home movers completing mortgages in London have reduced by -3.7% as homeowners wait to see the outcome of Brexit uncertainty.
London boroughs record falls in house prices with Wales leading with 4.1% annual growth that defies Brexit uncertainty.
With more certainty as Brexit is extended seller asking prices are 2.7% higher reflecting stronger demand in central London.
Over the past two years property has made more money than homeowners although the gap is closing as price growth slows.
As property market sentiment weakens in the UK, house price growth was only 0.6% and the slowest rise since September 2012.
Average house prices have increased 2.8% annually and are positive across all regions for the first time in three-and-a-half years.
The number of property millionaires in London have decreased by 35,000 as house prices in the capital reduce in 2018.
City house prices have outpaced the country with Chichester recording a 62% rise in property values over the last five years.
London house prices to fall two percent during 2019 whereas half of regional cities recorded double digit growth post Brexit.