Residential Sales

House prices have fallen 0.1% over the last year while market activity continues to improve with a higher supply and more sales agreed. Here’s the latest on the UK housing market from the Zoopla House Price Index for May 2024. The average house price in the UK is £264,300 as of April 2024 (published in May 2024). Property prices have remained the same month on month and have fallen by 0.1% (£210) compared to a year ago.

Check out the latest UK Residential Market Report from the RICS with comments from Ray Smith, FRICS, Senior Officer at Watsons - Recovery in buyer demand falters slightly amid interest rate uncertainty

Led by the top-of-the-ladder sector, the average asking price of property coming to market this month reaches a new record of £375,131. Momentum continues in the spring selling season with more buyers, sellers and agreed sales than last year. However, the market remains price-sensitive, while higher than anticipated mortgage rates and long completion timelines pose additional challenges.

Watsons @ 100 Years: 1890-1990 Following our surveyor finding an old key-tag celebrating ‘Watsons (1890 – 1990) 100 years of Home Selling’ while carrying out a survey on a property on Napier Street in Norwich, this inspired us to look back into the archive and remind ourselves how the firm celebrated its centenary.Our archives show the firm held an auction of water colour paintings at Norwich...

House prices have fallen 0.1% over the last year while market activity continues to improve with a higher supply and more sales agreed. Here’s the latest on the UK housing market from the Zoopla House Price Index for May 2024. The average house price in the UK is £264,300 as of April 2024 (published in May 2024). Property prices have remained the same month on month and have fallen by 0.1% (£210) compared to a year ago.

Led by the top-of-the-ladder sector, the average asking price of property coming to market this month reaches a new record of £375,131. Momentum continues in the spring selling season with more buyers, sellers and agreed sales than last year. However, the market remains price-sensitive, while higher than anticipated mortgage rates and long completion timelines pose additional challenges.

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