Asking Prices For UK Properties Fall £5000 in One Month
A combination of presumed Brexit uncertainty and a more general trend
The drop in asking prices equates to 1.7% and brings the average advertised price of UK residential property down to £302, 023. The slump does have to be taken within the context that asking prices are traditionally
While the dip in asking prices can be seen across the length and breadth of the UK, the slump has been
Areas where prices are falling
The recent drop means the first year-on-year slide in the UK-wide property prices since 2011. Newly marketed properties are now at an average of 0.2% less, £607, compared to this time last year. However, despite the dip property investors and home owners are not thought to have anything serious to worry about. Solid property market fundamentals such as
However, many experts also believe the long bull run for UK property prices, a trend that has now held for over 3 decades, may also be over. The unique combination of conditions that brought it about, such as the growing affluence of the post-war ‘baby
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