house prices

House prices fall for third month in a row

UK house prices have fallen for the third month in a row as the coronavirus pandemic continues to hamper the market.

There was a 0.2% month-on-month drop in house prices to £237,808 in May, according to the latest Halifax house price index. This was lower than the 0.6% fall recorded in April and the 0.3% in March.

On a quarterly basis, house prices fell 0.5%, compared to 0.7% during the previous three months.

What does Covid-19 mean for house prices, and will it be the property market’s biggest crash?

If the advice during lockdown to “stay at home” was relatively simple, the likely impact of Covid-19 on the value of that home is anything but. The virus has unleashed a whirlwind of economic and psychological effects that seem inevitably destined to bring down house prices in the near future, but over the longer term may subtly change our relationship with the place we live, and even signal a shift in the type of property that people want to own.

What is the post-election reality for investors?

Santa rally or election elation? The UK stockmarket posted its biggest gains for more than three years in the week following Boris Johnson’s landslide election victory on 12 December, despite a simultaneous jump in the value of sterling that might have been expected to hit large firms with hefty international earnings.

Sluggish house price growth as Brexit weighs on the market

Annual UK house price growth is at its lowest level in six years in a further sign that Brexit is weighing on the market, figures show.

House prices rose 1.1% year-on-year in September, down from 1.8% in August – the lowest rate of growth since April 2013, according to the latest Halifax house price index.

On a monthly basis, house prices fell by 0.4%, taking the average price of a property to £232,574.

Downsizing versus equity release – which is best for you?

Brexit leaves housing market at a standstill

UK house price growth is at its lowest since January as buyers and sellers remain cautious amid Brexit uncertainty.

House prices rose just 0.2% in September, according to data from the Nationwide House Price Index, the 10th month in a row in which annual price growth has been below 1%.

On a monthly basis, house price growth fell by 0.2%, taking the average UK house price to £215,352.

Where next for house prices?

‘Never-ending Brexit saga’ weighs heavy on house prices with more falls expected

The “seemingly never-ending Brexit saga” is continuing to bring property prices down, with sales expected to fall even more in the coming months, according to surveyors.

The Royal Institution of Chartered Surveyors (RICS) says that Brexit uncertainty is having a significant effect on sales, causing hesitation for buyers and sellers.

RICS’s residential market survey found a net balance of 24% of surveyors expect prices to drop in the next three months.

Where next for house prices?

Where next for house prices?

The sheer volume of data about the UK housing market that is bandied around these days means that it is sometimes hard to grasp what is really going on.

An innovative heatmap (below) produced by Samuel Tombs, UK chief economist at Pantheon Macroeconomics, provides a simple overview: it uses colours to show what prices have done in each region year by year: green for the biggest rise, red for the biggest fall.

UK house prices fall for first time in 2019

UK house prices fell this month for the first time this year suggesting it will be a buyers’ market in the second half of 2019, according to property website Rightmove.

Rightmove says the price of property coming to market fell by 0.2%, or £656, this month - the first monthly fall so far in 2019.

On an annual basis they also fell by 0.2%, taking the average price down to £308,692.

The property website says that fewer properties are coming to market and it is taking 62 days to secure a buyer – the longest in six years.