Despite a set back in prices since late 2007, UK house prices have not fallen by as much as might be expected. For example, UK house prices have not fallen by a similar amount to US or Spain. House Prices Since 1960

Statistics on the number of new homes built in the UK are produced by the ONS. Since the credit crunch of 2008, the number of homes built has fallen well below the level necessary to meet expected rising demand. Source: ONS The number of new houses built in the UK in 2010/11 was only 106,000. [...]

A look at the main factors that cause house prices to rise and fall, and why UK house prices tend to be quite volatile. In the UK, the supply of housing is fairly inelastic; this means it is unresponsive to changing prices. The number of houses being built is relatively low, therefore, supply increases only [...]

Is there a new housing boom near you? Will there be a housing boom in your area? What factors drive a localised boom either for new build or to generate above average prices.   Environmental issues and a countryside feel affect local prices. Improved access to water such as canal-sides or seascape views have still [...]

UK House prices since 1960 Volatile House Prices Why Are UK House Prices so Volatile? Households very sensitive to changes in interest rates. Some FTB pay 50% of take home pay in mortgage payments. Therefore small change in interest rate makes big difference to desirability of buying house. Volatility of Bank lending. Credit crunch completely [...]

Where are house prices going to go in the rest of 2010 and more importantly 2011? According to the Halifax, during September 2010 there was the biggest fall in average house price (3.6%) for over quarter of a century 28 years. In our locality the prices are still dropping in October, and with that backdrop [...]

One feature which makes it difficult to examine state of house prices is the difference between the asking price and the actual selling price. Data on asking prices can be misleading because in times of falling house prices asking prices can often lag behind the real selling price. Conversely in a period of rising house [...]