Latest News

Cheating or competing? Ignorance won’t help agents who break the law

28 February 2020

The Competition and Markets Authority (CMA) has issued a warning to businesses with a new campaign, which asks firms if they are Cheating or Competing? Read More...

Competition watchdog plans action against mis-sold leasehold homes

28 February 2020

The Competition and Markets Authority (CMA) has announced it has found evidence of mis-selling of leasehold homes and it will launch enforcement action. Read More...

Propertymark takes the lead to speed up sales

28 February 2020

With so much change facing agents, Propertymark took the lead and launched a Sales Protocol Toolkit, created with the Property Transaction Reform Working Group, at the 2020 NAEA Propertymark National Conference. 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.

Stay up to date on the housing market

Propertymark’s Housing Market Report gives the result of monthly surveys of our members, bringing you the latest data on the housing market.

Housing Market Reports