Latest News

A thirst to get qualified at the Propertymark Wales National Conference

18 October 2019

With so much change for agents in Wales in 2019, the delegates at the Propertymark Wales National Conference heard a legislative reminder on anti-money laundering, referral fees and the regulation of the industry. Read More...

Homeowners more than £350k better off than private renters over 30 years

18 October 2019

The average homeowner in the UK could be £352,500 better off than the average private renter over the next 30 years, new research from the Intermediary Mortgage Lenders Association (IMLA) says. However, the report also outlines the financial and social barriers that younger people face in becoming homeowners and suggest that rising house prices may not be the main cause. Read More...

Housing market shows resilience despite Brexit uncertainty

Wednesday 07 August 2019

Despite a marginal drop in prospective buyers in June, and a house price plummet in London, the housing market shows signs of resilience.

House prices have dropped in London for the eighth quarter in a row according to Nationwide Building Society, pushing the average value of a home down 2.6 per cent

Figures for the three months to June showed London and the South East were the worst performers in a national housing market that has managed to keep growing through the past three years of Brexit turmoil, but only at a modest pace.

The annual national growth rate in prices slipped to 0.5 per cent in June from 0.6 per cent in May and 0.9 per cent in April, pushing the average cost of a UK home to £216,515. Most analysts said they expect only modest increases during the rest of 2019.

London prices are likely to continue sliding as Brexit worries hit the capital’s housing market the hardest, though London saw the annual drop in values ease to 0.7 per cent in the three months to June, from a more severe fall of 3.8  per cent in the three months to May.

The slide in London prices has been mostly felt by the owners of expensive properties in the capital, with multimillion-pound homes experiencing the worst falls.

NAEA Propertymark’s June Housing Report shows that, despite Brexit uncertainty, the number of prospective buyers in the UK remains high for the year. There were 305 house hunters registered per branch in June, just a 1 per cent year-on-year difference compared to June 2018.

The number of sales agreed remained high for the second month running, matching last year’s average of nine per branch.

Housing Report