{"id":32983,"date":"2021-06-22T10:55:41","date_gmt":"2021-06-21T22:55:41","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=32983"},"modified":"2021-06-22T10:55:41","modified_gmt":"2021-06-21T22:55:41","slug":"end-of-the-global-property-boom-signs-of-cooling-in-uks-red-hot-housing-market","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/end-of-the-global-property-boom-signs-of-cooling-in-uks-red-hot-housing-market\/","title":{"rendered":"End of the GLOBAL property boom? Signs of cooling in UK&#8217;s red hot housing market"},"content":{"rendered":"<p><strong>PHOTO: The price of properties coming to markets rose just 0.8% last month, an increase of \u00a32,509, pushing the national average to a new record high of \u00a3336,073 for the third consecutive month. Photo: Nathan Stirk\/Getty Images<\/strong><\/p>\n<p>The <a href=\"https:\/\/www.propertynoise.co.nz\/?s=UK+housing+market&amp;submit=Search\">UK housing market<\/a> is beginning to show signs of cooling, new research has shown, as property prices reach record levels and home availability wanes.<\/p>\n<p>The price of properties coming to markets rose just 0.8% last month, an increase of \u00a32,509 ($3,483), pushing the national average to a new record high of \u00a3336,073 for the third consecutive month.<\/p>\n<p>This was still the largest increase over the period since 2015.<\/p>\n<p>According to data from Rightmove, house prices in the UK are now at a record in all countries and regions across Britain, which combined with an all-time low in the number of available homes, is starting to slow the pace of the market.<\/p>\n<p>Although sales agreed in May were 17% ahead of the same period in 2019, it fell short of April\u2019s 45%. The data compared current prices to 2019 since the UK property market was effectively suspended until mid-May 2020.<\/p>\n<p>The research showed that average prices rose by \u00a367,394 since March 2020 for properties in the high-end range, up 12.3% compared to a rise of 7.5% for all properties.<\/p>\n<p>READ MORE VIA<a href=\"https:\/\/nz.news.yahoo.com\/property-prices-end-of-boom-signs-of-cooling-in-uk-red-hot-housing-market-230128958.html\"> YAHOO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: The price of properties coming to markets rose just<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/end-of-the-global-property-boom-signs-of-cooling-in-uks-red-hot-housing-market\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":32984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478116572,478098519,478098535,478098513,478098784,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478116573,478099377,478114310,478109419,478110900,478111606,478116158,478101198,478103772,478108413,478106634,478099982],"class_list":["entry","author-data123nz","post-32983","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-global-property-boom","tag-home-ownership","tag-house-prices","tag-property","tag-property-boom","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-rightmove","tag-uk","tag-uk-apartments","tag-uk-economy","tag-uk-estate-agency","tag-uk-fixed-mortgage-deals","tag-uk-homes","tag-uk-house-prices","tag-uk-housing-market","tag-uk-real-estate-agents","tag-uk-real-estate-giant","tag-uk-real-estate-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>End of the GLOBAL property boom? 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