• UK
  • Abroad
  • Mobile
Quote Ref: WS1

Our online quote and buy facilities will be offline on 20th of January for essential maintenance from 9am to 10am and again at 8pm to 9pm we apologise for the inconvenience.

Asking prices for UK homes falling reveals latest research

Depositphotos40799881m-2015 (1).jpg

PropertyWire reports that asking prices in England and Wales were down 0.3% this month, whilst values were also down in Scotland.

According to the latest figures from the Home.co.uk index, year on year asking prices are up by just 0.9% - a significant decrease from the 3.5% recorded in September 2017.

The statistics also showed that, year on year:

  • the supply of property for sale is up by 7%;
  • the total stock for sale has increased by 8.8%;
  • the biggest annual fall in asking prices is in Greater London - down by 2.3%.

Monthly asking house price data

Over the last month, the largest price falls recorded were in London and the South East - both down 0.5%. In the South West, asking prices were down by 0.7%. 

The study points out that asking prices in London have been steadily falling for two and a half years and, so far, there is no indication of or cause for a change from this slow price erosion.

The Northern and Western regional property markets are outperforming the rest of the country by a significant margin in terms of price growth. Prices in Wales are up 6% which is leading the price growth tables.

The second significant annualised gains are in the West Midlands, where they are up by 5.2%.

Prices rose only in Wales and Scotland, and in the North West and East Midlands since last month. All other English regions fell.