Slight rises and regional variations in new year house price data


House prices inched up at the start of 2019 in new reports issued by Rightmove and Your Move/Reeds Rains, with regional variations giving a deeper picture of the current state of the market.

Rightmove’s House Price Index England, Wales and Scotland showed that average asking prices were up by 0.4% for the month to £298,734. While that is an improvement on the fall of -1.5% in the previous report, it is the slowest monthly rise at this time of the year since January 2012. Rightmove show that prices also rose by 0.4% in the year to January.

Your Move’s data for England and Wales shows a monthly rise of 0.3%, a fifth consecutive monthly rise, and an average price of £306,647. Their House Price Index reports an annual change of 0.6% which, like the YourMove results, is a near-seven year low.

‘Interest is still there’ – Rightmove

However, Rightmove are positive about the opening days of 2019, and say that their website had an average of 4.5 million visits in the opening fortnight of the year – 5% more than at the same time last year.

“Sellers seem to recognise that they need to lower their price aspirations,” said Miles Shipside, Rightmove director and housing market analyst. “Mass market home movers have a track record of ignoring the politics and continuing to satisfy their housing needs, and as long as these fundamentals remain in place through this period of uncertainty, the market will keep moving.

“Indeed, in 2018 the number of sales agreed by estate agents was down by only 3% on 2017, an indicator of resilience and holding up much better than many had forecast.”

North-south divide?

Prices fell on a monthly basis in London, Wales and the East Midlands in Rightmove’s findings, but were up in every other region. The strongest return was from England’s north-west, where the average price of a home rose by 2.6% to £193,240.

Mr Shipside adds, “Given the current market backdrop and ongoing political turmoil, it’s not surprising that the more challenging conditions in London and its nearby regions mean that they appear to have had a slower start to the year.”

Annual growth across certain regions in Your Move’s report hints at a north-south divide. Both the East and West Midlands, the north-west and Wales show rises of above the current inflation rate of 2.2%, whereas every other region is less and in London annual prices actually fell on Your Move by -0.5%.

“Due to current political and economic unrest it is understandable why buyers and sellers may be taking a ‘wait and see’ approach to the property market,” said Oliver Blake, Managing Director of Your Move and Reeds Rains. “But, in turn, as demand waivers, it means that property may become more affordable to more people. This should help buyers, and first-time buyers, in particular, are ready to act.”

CityGreens, Solihull, Birmingham

City-style apartments directly on Birmingham's largest park

  • Limited pre-launch prices.
  • ZERO ground rent
  • Excellent tenant demand

£182,000 - £419,000

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


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

Stamp duty for sale

Slight rises and regional variations in new year house price data


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.