Is the UK property market slowing?
It really does depend what reports you read as to whether the indications for the UK property market are positive, neutral or negative. Just last week we had a report suggesting that 2015 could be a very good year for the UK property market while today a report by the National Association of Estate Agents casts some doubt on the more positive forecasts. So, is the UK property market really slowing or is it just taking a breather?
Asking prices under pressure
The report by the National Association of Estate Agents suggests that around three quarters of homes sold in January 2015 went for less than the asking price. This is 17 percentage points higher than the same period during 2014 and would seem to indicate a softening of the market. [click to continue…]