[ Thu, Jan 29th ]: House & Home
[ Thu, Jan 29th ]: KCCI Des Moines
[ Thu, Jan 29th ]: CBS News
[ Wed, Jan 28th ]: montanarightnow
[ Wed, Jan 28th ]: KMBC Kansas City
[ Wed, Jan 28th ]: WOWT.com
[ Wed, Jan 28th ]: TheNewsCenter
[ Wed, Jan 28th ]: WJCL
[ Wed, Jan 28th ]: East Bay Times
[ Wed, Jan 28th ]: Boston.com
[ Wed, Jan 28th ]: Fox 13
[ Wed, Jan 28th ]: Fox News
[ Wed, Jan 28th ]: Fox 12 Oregon
[ Wed, Jan 28th ]: Robb Report
[ Wed, Jan 28th ]: KOAT Albuquerque
[ Wed, Jan 28th ]: Valley News Live
[ Wed, Jan 28th ]: MLive
[ Wed, Jan 28th ]: HELLO! Magazine
[ Wed, Jan 28th ]: Berkshire Eagle
[ Wed, Jan 28th ]: Oregonian
[ Wed, Jan 28th ]: WYFF
[ Wed, Jan 28th ]: Newsweek
[ Wed, Jan 28th ]: Pitchfork
[ Wed, Jan 28th ]: news4sanantonio
[ Wed, Jan 28th ]: KCCI Des Moines
[ Wed, Jan 28th ]: Travel + Leisure
[ Wed, Jan 28th ]: Fortune
[ Wed, Jan 28th ]: CBS News
[ Wed, Jan 28th ]: NBC Connecticut
[ Wed, Jan 28th ]: The Independent
[ Wed, Jan 28th ]: CNET
[ Wed, Jan 28th ]: WISH-TV
[ Wed, Jan 28th ]: USA Today
[ Wed, Jan 28th ]: Post and Courier
[ Wed, Jan 28th ]: The Mirror
[ Wed, Jan 28th ]: Penn Live
[ Wed, Jan 28th ]: BBC
[ Wed, Jan 28th ]: Impacts
[ Wed, Jan 28th ]: Investopedia
[ Wed, Jan 28th ]: Toronto Star
[ Wed, Jan 28th ]: Lehigh Valley Live
[ Wed, Jan 28th ]: Seattle Times
[ Wed, Jan 28th ]: House & Home
[ Wed, Jan 28th ]: WSB-TV
[ Wed, Jan 28th ]: News 12 Networks
[ Tue, Jan 27th ]: Manchester Evening News
[ Tue, Jan 27th ]: Us Weekly
[ Tue, Jan 27th ]: WSB-TV
UK Towns See Property Value Declines
The MirrorLocale: UNITED KINGDOM

Here's the complete list, with percentage and pound value declines:
- Bognor Regis, West Sussex: -16% (-GBP27,118)
- South Shields, South Tyneside: -14% (-GBP22,865)
- Stoke-on-Trent, Staffordshire: -13% (-GBP19,727)
- Peterborough, Cambridgeshire: -12% (-GBP16,958)
- Bradford, West Yorkshire: -12% (-GBP16,434)
- Middlesbrough, North Yorkshire: -12% (-GBP15,529)
- Hull, East Yorkshire: -11% (-GBP15,736)
- Leicester, Leicestershire: -11% (-GBP14,611)
- Slough, Berkshire: -11% (-GBP14,368)
- Grimsby, North East Lincolnshire: -10% (-GBP11,746)
- Barnsley, South Yorkshire: -10% (-GBP11,243)
- Burnley, Lancashire: -10% (-GBP9,960)
- Dagenham, East London: -10% (-GBP9,625)
- King's Lynn, Norfolk: -10% (-GBP9,476)
- Dudley, West Midlands: -9% (-GBP8,216)
- Rotherham, South Yorkshire: -9% (-GBP7,630)
- Wolverhampton, West Midlands: -9% (-GBP7,529)
- Doncaster, South Yorkshire: -9% (-GBP7,395)
- Swindon, Wiltshire: -9% (-GBP6,984)
- Mansfield, Nottinghamshire: -8% (-GBP6,487)
- Scunthorpe, North Lincolnshire: -8% (-GBP5,875)
- Blackburn, Lancashire: -8% (-GBP5,492)
- Bolton, Greater Manchester: -8% (-GBP5,415)
- Pontypool, Torfaen: -8% (-GBP4,924)
- Southampton, Hampshire: -7% (-GBP4,403)
What's Driving the Decline?
Several factors are contributing to this shift. Soaring mortgage rates, triggered by broader economic conditions and efforts to curb inflation, are significantly impacting affordability. Potential buyers, particularly first-time buyers, are finding it increasingly difficult to secure loans and meet monthly repayments. This diminished demand is naturally putting downward pressure on prices.
According to Tim Bannister of Rightmove, these areas were particularly popular with first-time buyers who are now more sensitive to interest rate fluctuations. He highlights the inevitable correction in areas that experienced unusually large price increases during the pandemic when demand surged due to lifestyle changes and government support schemes. The pandemic fueled a 'race for space,' driving up prices in many towns as people sought larger homes with gardens and more room to work remotely. Now, as lifestyles normalize and economic headwinds intensify, those inflated values are readjusting.
What Does This Mean for Buyers and Sellers?
For prospective buyers, these price declines present an opportunity to potentially secure a property at a more reasonable price. However, securing a mortgage remains a significant hurdle. Sellers, especially those who purchased properties at the peak of the market, may need to adjust their expectations and be prepared to negotiate. It's a shift towards a more balanced market where buyers have more bargaining power.
While these 25 towns are currently leading the decline, it's crucial to remember that the housing market is highly localized. Conditions vary considerably across different regions and property types. Experts anticipate that price corrections will continue in the short term before the market stabilizes, potentially towards the end of 2026 or early 2027.
Read the Full The Mirror Article at:
https://www.mirror.co.uk/money/rightmove-reveals-25-towns-saw-36627771
[ Wed, Jan 21st ]: This is Money
[ Mon, Jan 19th ]: Manchester Evening News
[ Sun, Jan 18th ]: London Evening Standard
[ Sun, Jan 18th ]: The Independent
[ Wed, Jan 14th ]: Seattle Times
[ Thu, Jan 08th ]: The Independent
[ Thu, Jan 08th ]: London Evening Standard
[ Thu, Jan 08th ]: London Evening Standard
[ Thu, Jan 08th ]: The Independent
[ Thu, Jan 08th ]: The Irish News
[ Wed, Jan 07th ]: Newsweek