Property Update

25th May, 2018, by David Hargreaves

Saturday 19 May

  • A report from Halifax shows that flats have out-paced other property types in terms of price growth over the past five years, with values up 48%.
  • The Telegraph suggests the decline of the high street and “the glut of empty shops” could help solve the housing crisis.
  • Lloyds Bank Private Banking says UK property was the second best performer among the major investment types between April and May, adding value of 5.8%.

Sunday 20 May

  • With an NLA survey suggesting that one in five buy-to-let landlords plan to reduce the size of their portfolios this year, the body has warned of the impact tax and regulatory changes have had.

Monday 21 May

  • Analysis from Rightmove shows the asking price for the average UK home reached a record high of £308,075 in May, climbing £2,343, or 0.8%, month-on-month – and 1.1% on the year.
  • Analysis from Rightmove reveals how the pace of growth differs across the country, with the Midlands and Wales seeing annual asking price growth of more than 4%.

Tuesday 22 May

  • Average property prices in England and Wales were down 0.1% in March, the third consecutive month where a decline was recorded.

Wednesday 23 May

  • UK house sales fell 2.7% in April compared to the same month last year, according to HMRC’s monthly UK housing transactions report.
  • Confidence in growing property values is at its highest since the Brexit vote, according to Zoopla, with 84% of UK homeowners expecting values in their area to increase before the end of the year.

Thursday 24 May

  • In the year to March, average house prices across the UK increased by 4.2% to £224,000 – £9,000 higher than in March 2017.
  • Consumer Price Inflation fell to 2.4% in April, its lowest level since March 2017.

Friday 25 May

  • Home ownership has risen for the first time in 15 years, according to new statistics released by the Ministry of Housing, Communities and Local Government.

 For further information on any topics presented in this week’s property update, please contact our office on 0115 841 1155.