From MoneyWeek · · 1m 50s
UK House Prices Falling in 37 Postcode Areas
House prices dropped 0.6% in Guildford, with 37 postcode areas falling in southern England and London.
In brief
House prices dropped 0.6% in Guildford, with 37 postcode areas falling in southern England and London. House prices fell 0.6% in Guildford, Surrey, as 37 postcode areas in southern England and London saw annual declines. Originally reported by MoneyWeek.
House Prices Drop in Guildford
Annual house prices in Guildford, Surrey fell 0.6% between September 2025 and September 2026.
37 Postcode Areas See Price Falls
Zoopla found annual house prices fell in 37 out of 119 postcode areas tracked between September 2025 and September 2026.
Most Affected Regions
The majority of falling postcode areas are in southern England and London, with 85% of homes in London and southeast England in declining areas.
Regional Price Drops
House prices fell 5.7% in west central london, 4.3% in Llandrindod Wells, Wales, and 3.8% in east central london.
Truro Price Decline
Property values dropped 2.2% in Truro, south west england, between September 2025 and September 2026.
Zoopla Executive Comment
Richard Donnell, Zoopla's executive director, said higher mortgage rates made home buyers more selective while sellers had more negotiation scope.
Stamp Duty Reform Proposal
Zoopla suggests extending the 2% stamp duty land tax rate to properties up to £500,000 to save buyers up to £7,500.
Mortgage Rate Impact
Average two-year mortgage rates rose from 4.83% to 5.97% following the Middle East conflict, contributing to 3.5% inflation.
Selling Home Tips
Set the right asking price to find buyers within 90 days, with 41% of homes priced 5% below value selling faster than those priced 20% above.
Home Presentation Matters
Tidy gardens, clean windows, declutter interiors, and fix minor issues to create a strong first impression for potential buyers.
Estate Agent Advice
James Waight, head of sales at John D Wood and Co., said small improvements can significantly impact how a home is perceived by buyers.
Here's the gist
House prices fell 0.6% in Guildford, Surrey, as 37 postcode areas in southern England and London saw annual declines.
