Last November, house prices fell by more than £5,000 on average, and with increased uncertainty over Brexit, this trend looks set to continue. Whether you’re looking to sell your property now or at some point in the future, are you doing all that you can to maintain your property value?
“In the largest November drop in prices since 2012, Rightmove said the average price of property coming to the market was down by 1.7%, or £5,222, on the month alone. It said the biggest falls were in London, where the typical asking price fell by £10,793 (a fall of 1.7%) and in the south-east of England, where prices were down £8,647 (2.1%).
The “ ripple effect”, where rising prices in London spread around the rest of the country during the boom years, has now reversed, said Rightmove, with falling prices in the capital now spreading across the south.
Separate research in October from the website Zoopla found that 38% of properties currently on the market have been marked down in price.” - The Guardian