New Home Owners And Snagging Forum
Home Owners => House Prices and the housing market => Topic started by: Banjo on June 12, 2011, 01:18:07 pm
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The latest figures from the Department for Communities and Local Government are released on Tuesday.
These figures will cover April transactions and refer to the actual prices paid on sale completions.
In March, the figures showed house prices in England rose 1.3% but fell 2.5% in Wales and 0.7% in Scotland.
Recent figures from Halifax and Nationwide would suggest the market is subdued.
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The government figures released yesterday show UK house prices fell 1.1% in April and are down 0.3% overall on a year ago.
Potential buyers being put off by the economic uncertainty and mortgage "rationing" by lenders.
The CML are also saying that they believe mortgage lending is unlikley to rise this year.
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It is not surprising that house prices are going down.