Asking prices up across the UK – especially in the North


According to the latest index, asking prices in England and Wales increased by 0.4% in May and in Scotland by 0.6%, with more continued growth happening in the regions rather than the capital.

Year-on-year England’s asking prices saw an increase of 2.8% (to an average of £305,885), championed by England’s East, the East Midlands and the West Midlands, according to the figures by

The overall trend shows an improvement in the market conditions especially in England’s North where marketing times have improved considerably. The region has seen a significant push in prices due to a an increase in demand coupled with very limited supply.

The North West saw a price rise of 3.7% year-on-year and Yorkshire experienced an increase of 2.9%. On top of that, marketing times have dropped to the levels last seen in 2008 and a steady recovery is expected to follow suit.

Doug Shephard,director at, explained:

“Whilst recent price rises in the regions indicate that there remains much confidence and momentum, the drag effect of sliding prices in Greater London means the trend towards near zero year on year price growth appears inevitable.”

“Moreover, rapidly rising inflation due to a weaker post-Brexit pound means that, overall, capital values will not rise in real terms. Looking forward towards the autumn and winter, we expect significant price falls in London and the South East, and these will impact negatively on the national figures. In June 2016 the annualised rate of increase of home prices was 6.8%; today the same measure is just 2.8%,” he then added.

And finally, the index also showed that the amount of properties entering the UK market in May had dropped slightly compared to April, whilst supply overall has seen a 5% increase over the last twelve months.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800


Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator


Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.


Not a member? Sign up for free

Asking prices up across the UK – especially in the North

Asking prices up across the UK – especially in the North


By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.