UK house prices fall at the start of 2019 – City A.M.

481
1771
UK house prices fall at the start of 2019 – City A.M.

UK house prices experienced their steepest drop for nine months in January as eyes turn towards the possible impact of Brexit on the housing market, figures released today showed.


House prices dropped 2.9 per cent in January compared to December’s 2.5 per cent rise, Halifax house price index data revealed. That is just short of April’s 3.1 per cent monthly drop.

Read more: UK house prices 2019: What experts say will happen after Brexit

But they grew 0.8 per cent in the three months to January compared to the same period last year, the bank said, with the national average price standing at £223,691.

That represents a 0.6 per cent decline on a quarterly basis, however.


Russell Galley, managing director of Halifax, said the month-to-month drop was the second time since 2017 that prices have fallen in the new year.

“However, the bigger picture is actually that house prices have seen next to no movement over the last year,” he added.

“This could either be viewed as a story of resilience, as prices have held up well in the face of significant economic uncertainty, or as a continuation of the slow growth we’ve witnessed over recent years.

“There’s no doubt that the next year will be important for the housing market with much of the immediate focus on what impact Brexit may have. However, more fundamentally it is key underlying factors of supply and demand that will ultimately shape the market.”

Read more: UK house price growth edges up from five-year low

Those factors include a record high employment rate as wages grow and inflation stays low, but steeper prices mean funding deposits is still difficult.

“On balance therefore we expect price growth to remain subdued in the near term,” Galley said.

Brexit hangs over housing market

North London estate agent and former Rics residential chairman, Jeremy Leaf, warned that a Brexit deal is vital in order to give the housing market a lift.

“What we are seeing on the ground is the release of some pent-up demand prompting more listings, viewings and offers over the past few weeks than we dared hope for,” he said. “However, interest is very patchy and real value must be perceived, otherwise little market change will result.

“Looking forward, we do not expect any significant improvement at least until the odds on a Brexit deal improve.”

House prices hit new heights of volatility

Lucy Pendleton, founder-director of independent estate agent James Pendleton, called the latest data a “handbrake turn” as house prices reach “new heights of volatility”.

“The rarified air of political uncertainty and low supply is sending the market into a bit of a spin,” she added, saying it was “abundantly clear” that Brexit uncertainty is responsible for the latest market drop.

Green shoots of hope

Boss of business growth adviser Yomdel, Andy Soloman, said house price growth has “hit a brick wall”, but said “there is little reason to run for the hills”.

Read more: New data shows which UK cities are the most and least affordable to live in

“The coming months are likely to bring some small green shoots of price stability and once we emerge from our Brexit blanket in to the cold light of day having reached an agreement, further stability and upward growth should return to the market,” he added.

“If the UK does enjoy a good EU exit, then a relief rally could be in store given the plentiful government support for buyers, cheap borrowing and rising wages coupled with low supply,” added Pendleton.

481 COMMENTS

  1. I just want to tell you that I am beginner to blogging and seriously liked you’re page. More than likely I’m going to bookmark your site . You really have tremendous writings. Many thanks for revealing your blog.

  2. Hiya, I am really glad I have found this info. Today bloggers publish just about gossip and web stuff and this is actually annoying. A good blog with exciting content, this is what I need. Thanks for making this web site, and I’ll be visiting again. Do you do newsletters by email?

  3. Good crew it’s cool estrace ivf dosage For instance, when a family business gets audited, the IRS may audit individuals involved with the business. “If the IRS sees the son received a $25,000 check from the father, they’re going to ask about that,” says Richard Davis, an accounting professor at Susquehanna University in Selinsgrove, Pa. A parent could legally pay a child reasonable wages for hours worked (parents can also pay children for tasks even if they don’t have a family business), but large gifts could fall under scrutiny.

  4. Simply wish to say your article is as astonishing.The clearness in your post is simply great and i could assume you are an expert on this subject.Well with your permission let me to grab your feed to keep updated with forthcoming post.Thanks a million and please carry on the enjoyable work.

  5. Wow that was strange. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say wonderful blog!

  6. Wonderful goods from you, man. I’ve understand your stuff prior to and you’re simply extremely great. I actually like what you have acquired right here, really like what you are saying and the way in which in which you assert it. You are making it entertaining and you continue to care for to stay it smart. I can’t wait to learn far more from you. That is actually a great site.|

  7. Magnificent beat ! I wish to apprentice while you amend your website, how could i subscribe for a weblog website? The account helped me a acceptable deal. I had been tiny bit familiar of this your broadcast offered vibrant clear concept|

  8. You could definitely see your expertise within the work youwrite. The arena hopes for even more passionate writers such as you who aren’t afraid to sayhow they believe. All the time follow your heart. minecraft free download 2018

  9. Hmm it appears like your blog ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I too am an aspiring blog writer but I’m still new to everything. Do you have any suggestions for inexperienced blog writers? I’d certainly appreciate it.|

  10. I’m amazed, I must say. Seldom do I come across a blog that’s both educative and amusing, and without a doubt, you’ve hit the nail on the head. The problem is something that too few folks are speaking intelligently about. I am very happy I stumbled across this in my hunt for something concerning this.|

  11. Hey! I could have sworn I’ve been to this blog beforebut after checking through some of the postI realized it’s new to me. Nonetheless, I’mdefinitely glad I found it and I’ll be bookmarking and checking back often!

  12. Wonderful work! That is the type of info that are supposed to be shared across the internet. Shame on Google for no longer positioning this publish upper! Come on over and talk over with my site . Thank you =)|

  13. Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending a lot of time both reading and commenting. But so what, it was still worth it!|

  14. Hmm it appears like your blog ate my first comment (it was extremely long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to the whole thing. Do you have any tips for newbie blog writers? I’d definitely appreciate it.|

  15. I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this increase.|

  16. naturally like your website but you have to take a look at the spelling on quite a few of your posts. A number of them are rife with spelling issues and I to find it very troublesome to inform the reality on the other hand I’ll certainly come back again.|

  17. Good day I am so excited I found your website, I really found you by accident, while I was looking on Yahoo for something else, Anyhow I am here now and would just like to say kudos for a incredible post and a all round thrilling blog (I also love the theme/design), I don’t have time to go through it all at the minute but I have bookmarked it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the superb work.|

  18. At this time it appears like BlogEngine is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?|

  19. Awesome blog you have here but I was wanting to know if you knew of any user discussion forums that cover the same topics discussed here? I’d really like to be a part of community where I can get suggestions from other knowledgeable people that share the same interest. If you have any recommendations, please let me know. Thanks!|

  20. Hey, I think your site might be having browser compatibility issues. When I look at your website in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, very good blog!|

  21. hi!,I love your writing so a lot! percentage we communicate more approximately your article on AOL? I require an expert on this area to resolve my problem. Maybe that’s you! Looking forward to see you. |

  22. Hello, I believe your site could be having internet browser compatibility issues. When I look at your web site in Safari, it looks fine however, if opening in Internet Explorer, it’s got some overlapping issues. I just wanted to provide you with a quick heads up! Besides that, wonderful blog!|

  23. Hi, i feel that i saw you visited my web site so i came to return the favor?.I’m trying to to find issues to enhance my web site!I assume its good enough to use a few of your ideas!!|

  24. Hello, There’s no doubt that your web site might be having internet browser compatibility issues. When I take a look at your website in Safari, it looks fine but when opening in Internet Explorer, it’s got some overlapping issues. I just wanted to provide you with a quick heads up! Other than that, wonderful website!|

  25. Thanks for some other informative website. Where else may just I am getting that type of info written in such a perfect approach? I have a project that I am just now running on, and I’ve been at the look out for such info.|

  26. Thanks , I have just been searching for info about this topic for ages and yours is the greatest I’ve discovered till now. However, what about the conclusion? Are you certain in regards to the supply?|

  27. I blog quite often and I really appreciate your content. Your article has really peaked my interest. I am going to bookmark your website and keep checking for new information about once a week. I subscribed to your Feed as well.|

  28. It’s in reality a great and helpful piece of information. I’m glad that you just shared this helpful info with us. Please keep us up to date like this. Thanks for sharing.|

  29. I just couldn’t depart your web site prior to suggesting that I extremely loved the usual information a person provide to your guests? Is gonna be again frequently to check up on new posts|

  30. Hey! I know this is kind of off-topic but I needed to ask. Does operating a well-established website such as yours require a massive amount work? I am brand new to blogging but I do write in my diary daily. I’d like to start a blog so I can easily share my own experience and views online. Please let me know if you have any suggestions or tips for brand new aspiring blog owners. Appreciate it!|

  31. Fantastic goods from you, man. I’ve take note your stuff
    prior to and you’re simply extremely great.
    I actually like what you’ve acquired here, really like what you are stating and the way
    in which you are saying it. You are making it enjoyable and you continue to care for to stay it smart.
    I can’t wait to learn far more from you. This is actually a terrific website.

  32. I am extremely impressed with your writing skills as well as with the layout on your blog. Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it is rare to see a nice blog like this one today.|

  33. You have made some really good points there. I checked on the net for more information about the issue and found most people will go along with your views on this website.|

  34. Awesome blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple tweeks would really make my blog stand out. Please let me know where you got your theme. Many thanks|

  35. Hi! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche. Your blog provided us valuable information to work on. You have done a wonderful job!|

  36. Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a little bit, but instead of that, this is fantastic blog. An excellent read. I will definitely be back.|

  37. Thanks on your marvelous posting! I genuinely enjoyed reading it, you happen to be a great author.I will remember to bookmark your blog and will come back someday. I want to encourage yourself to continue your great job, have a nice afternoon!|

  38. My brother suggested I might like this website. He was entirely right. This submit truly made my day. You cann’t believe simply how a lot time I had spent for this info! Thanks!|

  39. Hiya very cool web site!! Guy .. Excellent .. Amazing .. I will bookmark your website and take the feeds also? I am happy to find numerous helpful info right here in the submit, we want develop extra strategies in this regard, thank you for sharing. . . . . .|

  40. Hello there! Would you mind if I share your blog with my myspace group? There’s a lot of people that I think would really enjoy your content. Please let me know. Thanks|

  41. Sweet blog! I found it while surfing around on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Cheers|

  42. Superb blog! Do you have any hints for aspiring writers? I’m hoping to start my own website soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely confused .. Any ideas? Thank you!|

  43. Your style is so unique compared to other people I have read stuff from. I appreciate you for posting when you have the opportunity, Guess I will just book mark this blog.|

  44. Hello there! I could have sworn I’ve visited this website before but after browsing through many of the posts I realized it’s new to me. Anyhow, I’m definitely pleased I came across it and I’ll be bookmarking it and checking back often!|

  45. Excellent blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my site loaded up as fast as yours lol|

  46. Hello there, simply became alert to your blog through Google, and located that it is truly informative. I am going to watch out for brussels. I will be grateful in case you continue this in future. Lots of folks can be benefited out of your writing. Cheers!|

  47. Having read this I believed it was extremely informative. I appreciate you taking the time and energy to put this content together. I once again find myself spending a significant amount of time both reading and posting comments. But so what, it was still worthwhile!|

  48. What i don’t realize is in fact how you are no longer actually a lot more well-preferred than you might be right now. You are so intelligent. You recognize therefore considerably when it comes to this topic, produced me in my opinion imagine it from numerous varied angles. Its like men and women aren’t interested until it’s one thing to do with Lady gaga! Your own stuffs great. All the time handle it up!|

  49. Today, I went to the beach front with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!|

  50. At this time it looks like Movable Type is the preferred blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?|

  51. I know this if off topic but I’m looking into starting my own weblog and was wondering what all is required to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100 positive. Any suggestions or advice would be greatly appreciated. Appreciate it|

  52. Greetings from California! I’m bored at work so I decided to browse your site on my iphone during lunch break. I love the information you provide here and can’t wait to take a look when I get home. I’m amazed at how quick your blog loaded on my cell phone .. I’m not even using WIFI, just 3G .. Anyways, wonderful site!|

  53. Good day! This is my first visit to your blog! We are a team of volunteers and starting a new initiative in a community in the same niche. Your blog provided us beneficial information to work on. You have done a marvellous job!|

  54. Howdy! Someone in my Myspace group shared this website with us so I came to look it over. I’m definitely loving the information. I’m bookmarking and will be tweeting this to my followers! Great blog and amazing design.|

  55. Hey there, You have done an excellent job. I will certainly digg it and personally recommend to my friends. I’m sure they will be benefited from this site.|

  56. Hello! I know this is kinda off topic but I was wondering which blog platform are you using for this website? I’m getting fed up of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.|

  57. Heya! I know this is somewhat off-topic but I had to ask. Does managing a well-established blog like yours require a large amount of work? I’m brand new to running a blog but I do write in my diary on a daily basis. I’d like to start a blog so I will be able to share my own experience and views online. Please let me know if you have any ideas or tips for new aspiring bloggers. Thankyou!|

  58. My brother suggested I might like this website. He was totally right. This post actually made my day. You can not imagine just how much time I had spent for this information! Thanks!|

  59. I was wondering if you ever considered changing the layout of your website? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or two pictures. Maybe you could space it out better?|

  60. I blog quite often and I really appreciate your information. Your article has really peaked my interest. I’m going to book mark your site and keep checking for new details about once per week. I opted in for your Feed as well.|

  61. I’ve been browsing on-line greater than 3 hours lately, but I never discovered any attention-grabbing article like yours. It’s beautiful worth enough for me. Personally, if all web owners and bloggers made just right content as you probably did, the web can be much more useful than ever before.|

  62. Hello! This is kind of off topic but I need some help from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to begin. Do you have any points or suggestions? Thanks|

  63. Do you have a spam problem on this website; I also am a blogger, and I was wanting to know your situation; we have created some nice practices and we are looking to trade solutions with others, please shoot me an email if interested.|

  64. I know this if off topic but I’m looking into starting my own blog and was curious what all is required to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 positive. Any recommendations or advice would be greatly appreciated. Thank you|

  65. Greetings! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog post or vice-versa? My blog goes over a lot of the same subjects as yours and I feel we could greatly benefit from each other. If you happen to be interested feel free to shoot me an email. I look forward to hearing from you! Superb blog by the way!|

  66. It’s perfect time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I want to suggest you some interesting things or advice. Maybe you could write next articles referring to this article. I want to read even more things about it!|

  67. Its such as you read my mind! You appear to know a lot about this, such as you wrote the book in it or something. I believe that you can do with some p.c. to force the message home a little bit, but other than that, this is magnificent blog. A great read. I’ll certainly be back.|

  68. I’m amazed, I have to admit. Seldom do I come across a blog that’s both equally educative and engaging, and let me tell you, you’ve hit the nail on the head. The problem is something that too few men and women are speaking intelligently about. I am very happy I came across this during my hunt for something concerning this.|

  69. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. After all I will be subscribing to your rss feed and I hope you write again very soon!|

  70. If you would like to increase your experience just keep visiting this web site and be updated with the most recent information posted here.|

  71. Hello to all, how is the whole thing, I think every one is getting more from this website, and your views are nice for new viewers.|

  72. My family all the time say that I am killing my time here at net, except I know I am getting know-how everyday by reading thes fastidious posts.|

  73. Thanks for ones marvelous posting! I seriously enjoyed reading it, you will be a great author. I will make certain to bookmark your blog and will come back later on. I want to encourage continue your great job, have a nice day!|

  74. Hello there, I found your site by way of Google while searching for a related subject, your web site came up, it looks good. I’ve bookmarked it in my google bookmarks.

  75. I’m pretty pleased to uncover this page. I need to to thank you for your time for this fantastic read!! I definitely appreciated every little bit of it and I have you saved to fav to look at new stuff in your web site.|

  76. With havin so much content and articles do you ever run into any issues of plagorism or copyright violation? My blog has a lot of exclusive content I’ve either written myself or outsourced but it looks like a lot of it is popping it up all over the internet without my authorization. Do you know any solutions to help reduce content from being stolen? I’d really appreciate it.|

  77. Wonderful blog! Do you have any tips for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m completely overwhelmed .. Any recommendations? Bless you!|

  78. Hey There. I found your blog using msn. This is an extremely well written article. I’ll be sure to bookmark it and come back to read more of your useful information. Thanks for the post. I will certainly comeback.|

  79. Hey there! Would you mind if I share your blog with my twitter group? There’s a lot of folks that I think would really enjoy your content. Please let me know. Cheers|

  80. Your style is very unique in comparison to other folks I’ve read stuff from. Thank you for posting when you’ve got the opportunity, Guess I’ll just book mark this blog.|

  81. What’s Happening i’m new to this, I stumbled upon this I have discovered It absolutely useful and it has helped me out loads. I am hoping to contribute & help different customers like its helped me. Great job.|

  82. What i don’t understood is in reality how you’re no longer really much more neatly-preferred than you might be right now. You are very intelligent. You recognize thus significantly in terms of this subject, produced me in my view imagine it from numerous numerous angles. Its like women and men aren’t interested except it’s one thing to accomplish with Girl gaga! Your personal stuffs outstanding. At all times care for it up!|

  83. It is in reality a nice and useful piece of info. I’m happy that you simply shared this helpful information with us. Please stay us up to date like this. Thanks for sharing.|

  84. Hey! Someone in my Myspace group shared this site with us so I came to take a look. I’m definitely enjoying the information. I’m bookmarking and will be tweeting this to my followers! Terrific blog and superb design and style.|

  85. This is a really good tip particularly to those new to the blogosphere. Short but very precise information… Appreciate your sharing this one. A must read post!|

  86. Great blog! Do you have any helpful hints for aspiring writers? I’m hoping to start my own blog soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally confused .. Any tips? Many thanks!|

  87. Hey there! Someone in my Facebook group shared this website with us so I came to check it out. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers! Fantastic blog and outstanding design.|

  88. Hi i am kavin, its my first time to commenting anyplace, when i read this piece of writing i thought i could also create comment due to this good piece of writing.|

  89. Great goods from you, man. I’ve take into accout your stuff previous to and you are simply too fantastic. I actually like what you have acquired right here, really like what you are saying and the way through which you say it. You’re making it entertaining and you still take care of to stay it wise. I cant wait to learn far more from you. That is actually a terrific web site.|

  90. I’m extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it is rare to see a nice blog like this one nowadays.|

  91. Normally I do not learn post on blogs, but I wish to say that this write-up very pressured me to check out and do so! Your writing taste has been surprised me. Thank you, quite great article.|

  92. Good post. I learn something totally new and challenging on websites I stumbleupon every day. It will always be interesting to read articles from other authors and practice a little something from other websites. |

LEAVE A REPLY

Please enter your comment!
Please enter your name here