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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...

A sound but uncertain market

Wednesday 18 September 2019

The average price of a property arriving on the market has dropped by 0.2 per cent this month, according to market data from Rightmove. This small dip comes at a time that normally sees the first signs of an Autumn recovery and is the first price fall recorded in September since 2010.

The reports show there is a clear North/South divide. London properties are coming to the market at an average 2.1 per cent cheaper than a year ago; the South East region is down 1.1 per cent. All other regions have new seller asking prices up compared to a year ago, with the North West being the most buoyant, up 3.5 per cent.

Rightmove says that while the underlying housing market fundamentals remain sound, uncertainty is causing some buyers and sellers to hesitate “and this heightens as we get closer to a Brexit deadline.” Miles Shipside, Rightmove director and housing market analyst, said: “Many have got used to living in the jaws of uncertainty since the referendum over three years ago, and have been getting on with their lives and housing moves. However, as we approach yet another Brexit deadline, there are signs that the increasing gnashing of teeth is causing some to hesitate."

The number of sales agreed is down (5.5 per cent year-on-year) in all regions nationally, indicating that this is widespread hesitation rather than being restricted to some geographic areas.

The sales drop is a marked contrast and large turnaround to the 6.1 per cent increase in sales agreed reported by Rightmove a month ago, with year-to-date figures showing that average sales agreed are down 3.4 per cent on this time last year.

Propertymark Housing Market Reports

Propertymark’s own Housing Market Reports provide crucial insights by our members, such as the supply of available properties, demand for properties, market trends, and more. 

Housing Market Reports