Property prices fall for third consecutive month

property prices fall

Property prices fall across England and Wales for a third consecutive month, according to data from Home.co.uk.

Despite claims from the Chartered Institute of Chartered Surveyors (RICS) that the housing market is beginning to recover after the initial effects of Brexit, and predictions that property prices would rises 3.3% every year for the next five years, data from Home.co.uk suggests that prices have fallen in six of England’s nine regions.

Quick Move Now’s response to property prices fall:

Danny Luke, Quick Move Now’s managing director, commented:

Now that the initial shock of the EU referendum result is subsiding, the impact on the UK property market is varying greatly from region to region.  Areas that have, until recently, seen over-inflated growth and have wide appeal for the international market, such as London and the South East, are seeing the biggest stall.  Other areas, such as the East of England and the West Midlands have actually seen steady, albeit slowed, growth over the last year.

Surveyors from RICS are broadly optimistic about the property market’s recovery after the fallout from Brexit, however with the Prime Minister still showing reluctance to trigger Article 50 and make our exit official, it’s difficult to make any solid predictions about the future of the property market.  Until there’s a clear exit strategy and more indication of the specific details of our future relationship with the European Union, it’s very challenging for anyone to predict how homeowners will be affected.

If you’re considering selling a property we would continue to offer the same advice that we always do; be realistic about the property market in your area.  It’s easy to get caught up in national headlines, but in order to get a realistic idea of what your property might be worth in the current climate it’s important to know your local market.  That’s why we speak to independent local experts before making an offer on any property.

The number of properties coming onto the market is rising, which is easing the supply shortage, but largely potential buyers appear to be playing a ‘wait and see’ game, with time on market increasing again to an average 89 days.  If you’re keen to secure a quick and guaranteed house sale, Quick Move Now is still buying properties and could purchase your property in as little as 7 days.

For more advice on selling a property in a challenging market, read 5 reasons why your house isn’t selling.

Get an instant free estimate

We have £6,354,923 instantly available right now to buy your house

  • Property Details
    1
  • Contact Details
    2
  • Your Quote
    3
  • 1 Property Details
  • 2 Contact Details
  • 3 Your Quote

No risk free quote

  • Guaranteed sale
  • Become chain free
  • No fees
Enter address manually
   Yes
No 
  • Please select yes to agree to our terms of data collection to proceed.

Terms of data collection

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur eget consequat lectus. Suspendisse vitae vestibulum mi. Suspendisse maximus mauris vel nunc sodales dapibus. Etiam ornare neque non purus ullamcorper, sit amet elementum libero laoreet. In quis sodales ex. Curabitur ultricies ex et leo euismod dapibus. Nam vel sem finibus, semper purus sed, vestibulum ligula. Interdum et malesuada fames ac ante ipsum primis in faucibus. Duis ut elementum quam, a cursus diam. Nunc urna felis, consectetur ut fringilla eleifend, blandit id odio. Sed mattis leo non metus suscipit tristique. Fusce lacinia erat ac dolor rhoncus blandit. Maecenas lobortis commodo libero, non semper nunc vestibulum eu. Morbi eu interdum libero. Fusce rhoncus faucibus est vel blandit. Donec eget erat vitae neque scelerisque aliquet id ac metus.

Donec non dui vitae elit feugiat rhoncus eget in elit. Mauris pharetra sem enim, gravida auctor dui aliquet a. Donec mollis dignissim risus eget pharetra. Nullam condimentum massa nulla. Etiam id sollicitudin libero. Nunc ligula ante, cursus eu euismod nec, congue eu neque. Nullam suscipit ante ipsum, nec vulputate justo semper eget. Pellentesque sit amet orci ac urna sollicitudin cursus sed vitae leo.

Curabitur lorem tortor, consequat nec elementum eu, convallis a velit. Ut ac consequat orci. Morbi id vestibulum leo. Praesent pellentesque efficitur quam eu scelerisque. Duis pulvinar molestie maximus. Phasellus a mattis enim. Vestibulum ullamcorper, odio vel lacinia mattis, dui orci volutpat massa, sit amet ornare felis ipsum at ligula. Duis pretium in nisi id hendrerit. Nunc ornare nunc et dolor vehicula, sit amet congue nisl viverra.

Back to property details

Your free, no obligation estimate request has been successfully submitted.


One of our property experts will be in touch shortly to discuss your requirements in more detail.


Call us on

0800 068 3366

or we will call you

About Quick Move Now

Quick Move Now can buy your house today! If you need to sell your house fast, We have the immediate funds available to help123!

Contact Us

Quick Move Now Ltd
15 Interface Business Park,
Bincknoll Lane, Royal Wootton Bassett,
Wiltshire, SN4 8SY

0800 068 3366

Get your cash offer now

CASH COULD BE IN YOUR ACCOUNT IN
10 Days
|
11 Hours
|
35 Minutes