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UK house prices set to fall

Housing recovery doesn’t seem to be on the agenda for the next few years as analyst are predicting a further fall over the coming few years.

House prices are set to plunge by 20% by the end of next year, due to factors such as inflation and reduced mortgage lending. Some would comment this is totally expected due to the overpricing of property for several previous years.

Rightmove - house prices will fall

Rightmove expect UK House Prices to drop

CheckRisk, a strategy adviser, predicted with rising interest rates and inflation such issues would effect UK prices. They reported the fall after a detailed analysis of several trends.

Ironically,  the communities and local government department reports UK house prices increased by 0.3% in February 2011

In addition the Department for Communities and Local Government showed a 0.7% rise in prices for the year to February and a 0.3% rise during the month itself.

 

posted by Zane in Buying,For Sale,Guide,Property,Recession and have No Comments

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