In 2018, the UK saw 2.3% fall in property transactions, with 241 out of 374 local authority areas seeing no rise in sales. Stevenage was hit the worst, with a 27.5% fall in sales, with Newcastle-under-Lyme and Cambridge also suffering. The best performing towns or cities outside London were Chorley at 17 per cent, Hull at 13.9 per cent and Lincoln at 12.3 per cent. ' The average price for properties sold by private landlords fell to £299,500 last year, down from £416,100 in 2016. The market slowdown was attributed in part to a housing stock shortage, and to uncertainty ahead of Brexit causing house hunters to hold off.
In 2018, the UK saw 2.3% fall in property transactions, with 241 out of 374 local authority areas seeing no rise in sales. Stevenage was hit the worst, with a 27.5% fall in sales, with Newcastle-under-Lyme and Cambridge also suffering. The average price for properties sold by private landlords fell to £299,500 last year, down from £416,100 in 2016. The market slowdown was attributed in part to a housing stock shortage, and to uncertainty ahead of Brexit causing house hunters to hold off.