Latest News

Speakers confirmed for largest-ever NAEA Propertymark Conference

20 September 2019

The 2020 NAEA Propertymark Conference will be held on Thursday 27 February 2020 in London. The conference is set to be the biggest yet and features a line-up of speakers with both inspirational and practical advice. Read More...

First time buyers hold many misconceptions

19 September 2019

A new study from Santander Mortgages has revealed striking misconceptions and knowledge gaps among aspiring first-time buyers as they prepare to make their most major purchase. Read More...

HMRC highlights money-laundering breaches and penalties

18 September 2019

HMRC’s list of business penalised for breaches of money laundering regulations has been updated. The businesses, which include financial services companies and estate agents, are listed on the website detailing breaches that occurred in the 2019-2020 tax year. Read More...

House prices fall across the South of England despite national growth

Thursday 15 August 2019

House prices have fallen across all three regions of the South of England for the first time since 2009, the latest report from the Office of National Statistics shows.

An annual price fall of 2.7 percent in London – the largest in the country – takes the average property value to £466,824 in the capital. Average prices did rise across the UK, though slowly. The average UK house price was £230,000 in June, approximately £2,000 higher than a year ago. A 0.9 rise on the year, gives the lowest national growth rate since 2012.

In England, the East Midlands experienced the greatest annual price rise, up by 3.2 per cent. The price of an average house in England rose 0.7 per cent to £246,728. The prices of all property types in England rose between 1.1 and 1.8 per cent on the year, except for flats/maisonettes, which fell 2.7 per cent.

House prices grew fastest in Wales, increasing by 4.4 per cent in the year to June 2019. Wales shows, on average, house prices have risen by 1.2 per cent since May 2019. An annual price rise of 4.4 per cent takes the average property value to £163,768.

A Bank of England NMG survey of households’ expectations reported that households expected house prices to decline a little over the next 12 months. Around 20 per cent of households who expect to move house in the next two years reported having delayed moving due to Brexit-related uncertainty.

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