Property News · May 12, 2018

House prices are on the slide – where will they go now?


As Halifax figures show the market fell in April, experts say what’s really going onWe are slap bang in the middle of the spring househunting season, but this week’s news that the average price of a UK home dropped by more than £7,000 in April will have left many wondering: is this the start of a prolonged period of falling property values? If so, should would-be buyers hold fire on the basis that they could pay less in a few months’ time? Or do falling prices mean now is actually a good time to buy?According to the Halifax, UK house prices fell by 3.1% last month, which means a typical property ended April being worth £220,900. The equivalent figure at the end of March was £228,100. The average price is now back to what it was a year ago: £220,400 in April 2017. Continue reading…

Source : theguardian.com
Read more…House prices are on the slide – where will they go now?

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