Skip to content

Call today - 01325 346 328

Call from Overseas - 0044 1325 346 328

Quote Ref: WS1

We are currently following Government guidelines in relation to the Covid-19 Coronavirus pandemic and our team are working from home. Our revised working hours during this time are between 9am and 5pm Monday to Friday. During this period we will still deliver the quality of service our customers have come to expect but it may be necessary to divert your call or to arrange a call back. You may prefer to email us at [email protected] or arrange a call back and we will get back to you. Remember, you can still buy, renew and amend many of our policies online. Thank you in advance for your patience and understanding.

Customer Login Get Quotes

Asking prices for UK homes falling reveals latest research

Depositphotos 40799881 m-2015 (1)

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 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.