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 [...]
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Factors that Affect House Prices
Readers Question: I would like to know that what are the factors that effect the price of houses in UK and does government policies make any difference to it? The most important factors for influencing house prices in the UK Market sentiment. If people see house prices rising and they expect prices to continue rising, [...]
Problem With Falling House Prices
House prices continue to fall amidst sluggish property sales. The dynamics of the market mean that falling house prices create a powerful negative momentum for both the economy and housing market. Lenders don’t want to lend With falling house prices. When prices are rising, mortgage loans of 95% value make sense. However, when prices are [...]
Long Term Forecasts for UK Housing Market
The housing market is facing acute short term difficulties. In particular: Drop of mortgage lending (there has been 45% fall since this time last year) has caused a big fall in demand for housing. It means that potential homeowners, especially first time buyers are finding it very difficult to get a mortgage. If this freezing [...]
Surviving a House Price Crash.
Falling house prices certainly create no shortage of newspaper headlines. Although some of these headlines can sound unnecessarily apocalyptic, falling house prices are not quite the end of the world. In fact falling house prices can be of benefit to some people. Who Benefits from Falling House prices? First time buyers. At the moment the [...]
Predictions for House Prices UK
Last March, saw house prices fall in UK by some of their biggest % levels for many years. April and March are traditionally a good time of the year for selling a house, but, the credit crisis has changed the nature of the housing market and prices look set to fall by 10-15%. Of all [...]
Latest UK House Price Statistics
Unfortunately, when it comes to measuring house price statistics there are a bewildering array of different statistics and measures. Surprisingly, given the importance of house prices, the government do not have an authoritative overall statistic. To get an overall impression of the housing market, we need to look at a variety of different statistical measures. [...]
House Price Inflation picks Up
Figures released by rightmove suggest that house prices have picked up in February, making prospects of large falls unlikely. The survey found an increase of 5.3% in the asking prices, despite a glut of properties on the market. It is worth noting that house prices are often sold for less than the asking price. The [...]
Property Prices Continue to Fall
House price data from the Land registry showed that UK house prices fell on average by 0.4% in December, bringing the annual inflation rate down from 8.1% in November to 6.7% last month. The land registry estimate that average UK house prices are now £184,469 The only 3 regions to avoid house price falls were [...]
Is the Housing Panic Justified?
As the saying goes – There are lies, damned lies and statistics. It seems that there are no end of statistics about the housing market, some of which can seem a bit contradictory. At the moment there is a general assumption that UK House prices are set to fall and are vastly overpriced. However, before [...]
