In a report published today, a leading economic forecaster makes mention of a 5% overall fall in UK house prices in 2012. The prediction is included in Ernst & Young ITEM Club’s outlook for the UK banking sector, which notes that the housing market has experienced a “renewed softening” over the past year, with prices [...]
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House prices to see five-year decline
A leading UK think-tank is predicting that UK house prices will continue falling until 2015, declining by 4.5% in 2011, and by an average 1.5% during the four years after that. According to the National Institute of Economic and Social Research (NIESR), higher taxes and rising inflation will put downward pressure on prices this year, [...]
House price show largest annual fall since 2009
February data from the Land Registry show house prices in England and Wales falling by 0.8%, when compared with January. The typical home changed hands for £162,215 having fallen in value by 1.7% over a year, the largest annual decline since October 2009. However, London showed a positive annual house price change of 3.2% in [...]
UK house prices continue to slide
UK house prices are continuing to decline, according to Halifax, which has registered a drop of 0.4% in the value of the typical home in the three months to February, compared with the previous quarter.
Last month prices actually fell by 0.9% (offsetting a January rise of 0.8%) taking the average house price back down to [...]
House prices to fall 5% this year
UK house prices are expected to fall gradually in 2011, after losing ground overall in the latter months of 2010, according to a respected economic forecaster.
IHS Global Insight is predicting a decline of around 5%, with the value of the typical home losing around 10% from the peak seen in the first half of last [...]
