• Home
  • About Us
    About Ringley Meet Our Experts Awards Savings for Clients Case Studies Green Management Strategies Market Overview Leasehold Reform Campaign Money Back Guarantee
  • Our Services
    • Block Management
      • Overview
      • Right to Manage
      • Freehold Management
      • Resident Management
      • Estates of Houses
      • Ground Rent Investment
      • Ground Rent Collection
      • How to change agent?
      • Block Management Services
      • Can't afford an agent?
      • Anti Social Behaviour Policy
      • Legal & Tribunals
      • Section 20
      • Top 10 Tips
      • On-site Staff
      • Buying or Renting?
      • Reporting an incident
    • Asset Management
      • Overview
      • VirginLand
      • Project Monitoring
      • ESG Consultancy & Implementation
      • PropTech
      • Marketing Insights
      • Resident Journey
      • Stabilised Assets
      • UK Build to Rent
      • UK Later Living
      • UK Co-Living
      • UK Student Accommodation
      • UK Single Family Housing
      • Brands & URLs
    • Law
      • Overview
      • Meet The Team
      • Recommendations
      • Right to Manage
      • Lease Extensions
      • Freehold Purchase
      • Absentee Freeholder
      • Court Appointed Manager
      • Conveyancing
      • Service Charge/Rent Arrears Recovery
      • Company Secretary
    • Valuation
      • Overview
      • Loan Security
      • Company Accounts
      • Lease Extensions
      • Freehold Purchase
      • Rent Reviews
      • Development Valuations
      • Insurance Valuations
      • Expert Witness & Litigation
      • Tax, Trusts & Accounts Valuations
      • Trading Business
      • Compulsory Purchase
      • Residential Valuations
    • Engineering
      • Overview
      • EWS1 Consultancy
      • Asbestos
      • Contract Administration
      • Fire Assesment
      • Homebuyer Survey
      • Building Survey
      • Schedules
      • Party Wall Matters
      • Principle Designer
      • Disability Access Audits
      • Small Building Works
      • Fire Door Inspection
    • Finance
      • Overview
      • Accounting Expertise
      • Property Accounts
      • Industry Updates
      • Audits
    • Plant & Facilities Management
      • Plant & Facilities Management
      • Fire Door Inspection APP
      • Fire Safety Update
    • Site Staffing Solutions
      • Ringley Integrated Site Staff Solutions
    • Leasehold Guidance
      • Overview
      • Right to Manage
      • Purchasing The Freehold
      • Court Appointed Manager
      • Absentee Freeholder
  • Insights
    Asset Management Articles Block Management Blogs Publications BTR Rental Market Blogs Customer Insights FAQ - Ask Our Experts Insurance Calculator
  • ESG
  • E-books
  • Get In Touch
  •      
  • Portal Login
  • Clear Filter
  • Property Blog INDEX
  • PlanetRent Blog
Brexit sees off 'Autumn bounce' in house prices


02/09/2020
Author : Mary-Anne Bowring

Responsive image


Sales are down but could you grab a bargain?
Autumn. Now is the time when estate agents expect to see a bounce in market activity and prices. Children are back at school and buyers and sellers come into the market ahead of Christmas. But not this year. According to the latest Housing Price Index from Rightmove, the number of sales agreed is down in all regions compared to a year ago, with a reported 5.5% drop showing a marked reversal from the +6.1% sales-agreed flurry that the market was seeing a month ago.


The number of properties coming to market is also down by 7.8% this month compared to the same period a year ago, again with all regions down on this time last year. And we are now seeing a 0.2% fall in prices for the first time since 2010, so what?s going on?
Rightmove's housing market analyst Miles Shipside thinks Brexit is largely to blame.

Many have got used to living in the jaws of uncertainty since the referendum over three years ago, and have been getting on with their lives and housing moves. However, as we approach yet another Brexit deadline, there are signs that the increasing gnashing of teeth is causing some to hesitate,? he says. This year, any pick-up in the market is a late starter and if uncertainty persists, Miles reckons the activity we normally associate with the autumn could be delayed until the New Year.


Lack of consumer confidence is also driving up the recent increase in the number of residential property sales that are now falling through before completion. Sales progression specialist mio, told the press this week that the problem is likely to continue short term due to political and economic uncertainty. And figures from Quick Move Now back this up, revealing that almost a third of all failed transactions were a result of a chain collapsing.


The good news though, is that there may be a silver lining for anyone planning to buy or trade up. If potential buyers can hold their nerve they could find themselves in a strong negotiating position. They may even be able to grab a bargain ? something that has become all-too-rare in most parts of the country in recent years. Are we seeing the start of a readjustment in house prices? Only time ? and the outcome of Brexit will tell.


  268
  0

Most Popular

Solar panels on flats - what you need to know

What will a 2022-23 Recession Mean For UK Renters?

Anti-Money Laundering (AML) Regulations for Landlords

Ground Rent: Fines for Landlords Who Charge Ground Rent

Leaseholders at St David's Square Emerge Victorious as FirstPort to Repay Insurance and Leasing of Antique Door Entry System

Most Recent

Leaseholders hit again by cost increases

How to manage Leaseholder requests for Lease Extensions in a Self-Managed Block of Flats

The Future of Affordable Blocks Property Management: Empowering Leaseholders in Small Blocks of Flats to Manage the Service Charges

Solar Panels:  how long will it take to get the money invested back, what is the breakeven timescale 

Understanding the Implications of Invalid Service Charge Demands under UK Leasehold Law


Mary-Anne Bowring FIRPM FRICS FARLA FCABE Founder/Head of Asset Management

Strategic partnerships, holistic delivery/ opportunities, growth, value engineering, thought leadership

Ian Barber MD BTR Mobilisation & Leasing

Runs HQ & site lease-up teams. Drives rent pricing, mobilisation, marketing, happy residents!

Jon Curtis MRICS Head of Building Engineering

Chartered Building Surveyor. Lectures on EWS1 & building safety. Runs CapEx programmes.

Kate Robinson MIRPM MD Blocks/FM Management (London Region)

Master plan setup, ops and staffing and resident engagement. ISO45001 champion.

Lee Harle Partner Ringley Law

Plot conveyancing. Debt litigation. Group Company Secretary.

Anthony Kingdon MIRPM AssocRICS MD Blocks/FM Management (North Region)

Stakeholder engagement. Mixed tenure specialist. Budget management. Plant audit, PPM compliance.

Chris Georgalis MRICS Head of Commercial Valuation

Chartered Valuer. Rental valuations: retail, leisure. IRR modelling and valuations for secured lending. Compulsory purchase & rent reviews

Nichola Pughe MRICS Head of Residential Valuation

Chartered Valuer. Rental development & mixed use valuations, IRR modelling. Leasehold enfranchisement specialist

Libby Chen MSc Compliance Manager

Operational Plant & Equipment strategy PPM Compliance lead, Asset tagging Client major projects

Dipesh Parekh Director PlanetRent

Customer centric, vertically integrated PropTech/fin-tech solutions.

Leana Aristodemou MIRPM MARLA AssocRICS Strategic lead: ESG & Asset Business Plan delivery

Financial modelling, valuation analyst to support underwriting & fund reporting.

Natalie Birmingham Helpdesk Support Manager

Trainer & Helpdesk Manager: people, systems,contractors. ISO45001 supply chain accreditation.

Steve Norman Planning Director

Land due diligence (opportunities & constraints) Has contributed to a number of award winning schemes.

Landlord blog
Read landlord blog

Property blogs
Read property blogs

Property articles
Read property articles

E-books
Read E-books

  • Ringley Group
  • About us
  • CSR / ESG
  • BusyLiving
  • PlanetRent
  • Talk to us
  • Careers
  • Ask a Question
  • Insights
  • Articles
  • Blogs
  • Subscribe
  • BTR & PRS Buildings
  • What we do
  • Asset Management
  • Block Management
  • Facilities Management
  • Property Law
  • Surveying / Valuation
  • Building Engineering
  • Financial Services
  • Managing Agents
  • Block Management Locations
  • Co-working
  • Renting & Letting
  • Right to Manage
  • Contractor Management
  • Space to Work
  • Fees
  • Offices
  • London
  • Ringley House
  • 1 Castle Road
  • London
  • NW1 8PR
  • T: 0207 267 2900
  • Manchester
  • 11 Swan Street
  • Northern Quarter
  • Manchester
  • M4 5JJ
  • T: 0330 174 7777
  • Cardiff
  • 122 West Bute Street
  • Cardiff Bay
  • Cardiff
  • CF10 5LJ
  • T: 0292 034 0178
  • Email: solutions@ringley.co.uk
  • Emergency line 1: 0207 428 2056
  • Emergency line 2: 0207 267 2900
  • Report an incident
Privacy Policy
Ringley Staff

All content © copyright 2023. Ringley Limited. All Rights reserved. Ringley Limited, incorporated and registered in England and wales. Registered office: Ringley House, 1 Castle Road, London, NW1 8PR. Company No. 03302438
Terms of use | Privacy Policy | Modern slavery act | COVID-19 risk assessment