the online estate agent
I have edited this from a recent article published by the BBC if you would like to read the full transcript just click here
There is no doubt about it, house sales in the UK have been in their lowest levels since contemporary records began in the late 1970s.
With just 869,000 homes sold … Continue Reading
Miles Shipside, director of Rightmove, recently claimed that the state of the global economy is resulting in house prices in the UK being stuck in “limbo-land” ! Indeed, according to the latest figures from Nationwide, the cost of a typical home dropped by 0.6 per cent in the four-week period.
This means that in the last 12 months, there has been a decline of 0.4 per cent in the average cost of a house.
Chief economist at Nationwide Robert Gardner stated that the figures add up with the relative stability of the market … Continue Reading
Tags: falling house prices, high street estate agents, housing market, low cost house selling
More news today about falling House Prices. 3.6% in September from the previous month, according to the Halifax although they do go on to say that it was too early to conclude that this was the start of a sustained fall. Lets hope not!
Interesting also is the Halifax report shows low transaction levels in the housing market and an increase in the number of properties available for sale. These two factors added together will be pushing down prices.
So, in summary prospects for the housing market remain uncertain and there are tax rises due and pay reviews will be modest to … Continue Reading