£27 Billion Drop in UK Property Market Value

According to Zoopla, the property market value has dropped by an astonishing £27 billion since the beginning of 2018. That’s almost a £3.5 billion drop per month or £5.12 per day!!

The statistics revealed that the worst affected area is the South West of England with a 2.51% drop in property value followed by the East Midlands and the Yorkshire and Humber regions which saw a value drop of 1.22% and 2.12%.

The overall property market value has dropped by 0.33% according to the study and as you can probably imagine, the finger of blame is being pointed directly at Brexit. According to a spokesperson for Zoopla, the findings were ‘not surprising’ due to the uncertainty of the property market ahead of the formidable Brexit.

If you have a property on the market that you are struggling to sell and cannot afford to let the property market values slip any further, please contact OK Property today for a free valuation.

We can guarantee a sale without the need for viewings, without the need for your property to be advertised or to have a for sale sign outside and more importantly, without the need to pay any legal or estate agents fees!

How much would your life change if you were able to sell your home within 2-3 weeks? We have cash buyers looking for homes just like yours so please do not hesitate to contact OK Property for your free valuation completed by our experienced valuer on a private and confidential basis.