Are House Prices Continuing To Fall

Two contradictory patterns have emerged for what has happened to house prices during 2010. Nationwide’s view The Nationwide’s House Price Index suggests a 0.4% rise during the year. Whilst their index showed prices staying level from January through to November, a slight increase in December of 0.4% gave this annual rise. The Halifax House Price [...]

The Yo-Yo Housting Market

After reporting a massive 3.7% drop in property prices for September, Halifax have reported figures showing a 1.8% increase in October. Good as this might seem, it is in no way seen as signs of an economic recovery as the Nationwide put house prices down by 0.7% over the same period. Hometrack also reported that [...]

Your house will lose even more value

A report by property specialist Hometrack predicts that house prices have got further to fall and will continue to do so into the New Year. Their survey of Estate Agents across England & Wales showed that house prices fell by 0.9% last Month (October), the biggest single monthly fall since January 2009. The report predicts [...]

The Government Aims To Reduce Runaway Housing Prices

The Government is planning to put in place measures to correct the increase in recent years of the cost of housing. Their aim is to ensure that the cost of buying a new home rises less each year than the average income, to allow incomes to catch back up with housing costs. Whilst this will [...]

Gazundering is making a massive return in a falling market

Estate agents are reporting that the habit of gazundering is making an unwelcome return as potential buyers are seeing massive falls in the value of the property they are buying. Agents are reporting that up to 25% of would be purchasers are attempting to renegotiate the purchase cost of the house in their favour at [...]

Your House Lost 3.6% Of Its Value In September

According to the monthly report by the Halifax, the average property lost 3.6% of its value in September. Although this is the biggest single month loss on record (since 1983), the Halifax says that it does not see this as part of a bigger picture of a sustained house price fall. Not yet, anyway. Comparing [...]

House Prices Rising

Contradicting a report by the Nationwide, the Halifax has indicated that house prices rose by 0.6% in July 2010. However, the bank does agree that the signs are clear that the housing market in the UK is slowing. The July figures put the average home up in value to £167,425 (up £1,074), undoing a fall [...]

House prices are falling

The Narionwide has reported that house prices are falling again, because of the need for higher deposits on mortgages and job worries putting off buyers. For the first time in 5 months the Nationwide’s house price index recorded a fall in prices, with the average property price dropping half a percentage point to £169,347 between [...]



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