Our new House Price Forecast suggests prices will increase in the next 3 months
11 June 2019
By Andi Michael
Reallymoving’s new house price forecast uses quote form data to show how property prices are increasing across the country in the next three months.
Figuring out property prices has always been slightly complicated – many price indices (like those on property portals) come from asking prices, rather than what the properties were actually sold for.
However, we have a huge amount of data from our quote forms that lets us notice trends and patterns in the industry. As people usually get conveyancing quotes
12 weeks before they complete on their property, this gives us a unique insight into what property prices will look like 3 months from now.
You can see from the graph below that our trends have closely followed the Land Registry Data, which lists property sold prices. Our data suggests that England and Wales are due to see a 9% increase in property prices between May and August.
We’re really excited to offer this free tool on our site to help both potential buyers and property professionals make well informed choices when it comes to buying and selling.
CEO of reallymoving, Rob Houghton says:
“Prices agreed this spring will show in Land Registry data in the summer, yet our customers registering for home move services as soon as their deal is agreed are giving us unique insight into what lies ahead for the housing market.
Annually, average UK prices have been falling since the start of the year but in June we can expect prices to see a return to positive growth with a rise of +1% year on year, followed by 0% change in July. This suggests that a strong market performance over the spring will see prices make up the value lost in the first part of 2019 and are set to recover to 2018 levels this summer.”
Our House Price Forecast
allows you to look at the trends by UK region, as well as by England, Scotland, Wales and Northern Ireland, and the UK as a whole.
You can have a look at the full breakdown of how and why we created it in our House Price Forecast press release
If you'd like more information about our news and releases, or want to contact our PR team, go to our Media Centre
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Set on 22/05/2019