February 2018 Housing Market Report

February 2018 Housing Market Report

As we predicted, the data from HM Land Registry shows that the market is slowing down. In the last three months for which we have a complete picture (August to October 2017), transaction levels were 11 percent lower than the same period in 2016. Curiously, the number of properties sold for over £1m rose by four percent, but given the difference represents just 200 homes, we don’t read too much into this. Things are cooling, but it could be a good thing.

All markets have fast and slow periods; it’s just a reality of economics. It’s a bit of a mystery as to why this happens, but generally, people participating in the market eventually start to feel like prices have gone up for long enough and try to sell at the top. Once the market reaches this tipping point, the sales-to-asking-price ratio starts to decline, and buyers hold off buying in the expectation of further price falls.

Then, when people think prices have hit bottom, they pile back in, causing the sales-to-asking-price ratio to start rising, and the cycle begins again.


What will this cycle be like? 

Things are very different to last time when the carpet got pulled out from under our feet during the credit crunch. Mortgage lending evaporated overnight, and the market cycle ended in a very unusual manner.

This time it looks like we’re in for a much softer landing. Sign after sign indicates that the UK housing market is returning to its long-run equilibrium. Stricter mortgage lending is preventing a bubble, and sanity reigns supreme in the market.

But just because things are getting back to normal, that doesn’t imply that we foresee stagnation. We still expect that prices to rise in the premium market this year, probably close to experts’ projections for the mid-market of around one or two percent growth.

The people who gain the most out of the property market are those who make hard-nosed decisions at this point in the cycle, not the ones who ride the wave when things have already started picking up. And as always, those who work closely with a local market expert to find the hidden value in the market will come out on top. 


Click here to read the full report. 






Are you looking to sell your home in 2018? Get in touch with your local Fine & Country office today. 

9th Feb 2018

More from Fine & Country

How much is my house worth? Secrets of property valuations
Property valuations have never been more important as new figures suggest that the average London house price will reach £1m by 2020. But so...
Read more >>
18th Oct 2018
Britain's spookiest villages
Do you believe in ghosts? Are the squeaks and rattles that you hear in bed at night the work of spirits… or a big gust of wind? No matter...
Read more >>
3rd Oct 2018
Selling Strategy: How to Make Your Home Stand Out This Autumn
The leaves are beginning to change, and so is the property market. After the slowdown of the summer holidays, sellers and buyers alike are k...
Read more >>
30th Sep 2018

FINE & COUNTRY LIFESTYLE

DISCOVER MORE ABOUT FINE & COUNTRY

TURN YOUR HOME 
INTO A BESTSELLER


Your home is an unfolding story. This is why at Fine & Country, we use a lifestyle approach to marketing to help people see your home as you see it. We do more than sell houses, we turn your home into a bestseller. Find out how we can help »

SELLING YOUR PROPERTY


Selling your home is one of the most important decisions you make; your home is both a financial and emotional investment. Find out how we can help »

forsaleweb
office_window

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

staff
magazine

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

98

TAKE THEIR WORD FOR IT


An overwhelming majority of those who had used Fine & Country would recommend our services to a family member or friend, according to our most recent survey taken by members of the public.

To achieve 98.96% positive feedback is a privilege and we will endeavour to maintain this result, as we are dedicated to offering the best possible services to every customer, whether buyer or seller, from beginning to end.

MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

awards_stone
Independent customer reviews



Fine & Country

4.87 out of 5 - based on 1013 customer reviews



Estate Agent and Letting Agent Reviews

OVER 300 LOCATIONS WORLDWIDE

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomRussiaFranceHungaryCyprusGermanySpainPortugalUnited Arab EmiratesRomaniaMauritiusMoroccoNamibiaWest AfricaSouth AfricaAustraliaFloridaZimbabwe

SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn, Pinterest and Google+, giving each property maximum online exposure.

 

FINE & COUNTRY SERVICES

FINE & COUNTRY
INTERIOR DESIGN


Access Fine & Country Interior Design to put your property ahead and make it stand out. With expert advice from some of London’s best stylists and designers we will make sure it makes a statement. Or if you’re purchasing with us, let F&C ID help make your new house feel like home by helping you find the very best specialists and designers for property refurbishment. Find out more »

development_image1
ifx_3s

FINE & COUNTRY
FOREIGN EXCHANGE


We have partnered with Rational FX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »

MEDIA CENTRE


Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

media_thumb_crop
tileevent

FINE & COUNTRY EVENTS


We organise and attend a series of events throughout the year. If you are interested in attending or if you would like to promote your properties at any of these events, do not hesitate to contact us.View our list of events »

FINE & COUNTRY PUBLICATIONS

foundation_large

THE FINE & COUNTRY FOUNDATION


The Fine & Country Foundation is dedicated to supporting and funding homeless causes in the UK and overseas. Fine & Country offices organise a range of fundraising events for you to get involved in and/ or support. Find out more about our work here. Read more »

*Please, note: for security reasons, the maps on this website do not provide the exact location of the property and they are provided solely as an indication of area.