Round-up of the latest House price data
Average of the prices applied in December: £ 222,410
Increase over year 0.4%
Miles Shipside Rightmove, Director said: "in 2011 we will see greater lower falls due to the oversupply and forced sale markets." Conversely, the pockets of the country where there is traditionally low rest credit crunch resistant and supply demand will see price support and somewhat immunized against falls in other areas. The fact that many potential buyers do not have the capacity to carry out, and some owners may find themselves in a position where they are forced to sell, readers of low prices. These negative factors are likely to outweigh the positive price of pent-up demand for housing and a shortage of quality housing prices sous-épinglage pressures in popular locations. ?
Halifax
Average price in November: £ 164,708
The month 0.1 per cent fall
Fall on the quarter 2.1 percent
The 0.7 per cent fall year
Accommodation in Halifax, Economist Martin Ellis said: a greater number of properties for sale, combined with the decline in demand, caused the recent drop in prices. There is, however, some tentative signs that the owners are increasingly reluctant to put their property on the market which, if continued, will help to relieve the pressure on current prices. Interest rates are likely to remain very weak period extended to support the position of affordability improved mortgage for homeowners. Therefore, we expect to see a significant decrease in the price. ?
At the national level
Average price in November: £ 163,398
The month fall 0.3 per cent
Increase over year 0.4%
Martin Gahbauer, Nationwide, Chief Economist said: "there is little evidence that suggests that house price declines are likely to accelerate in the coming months." A large part of the weakness of the property since spring values was motivated by a return of vendors on the market, following at exceptionally low levels of property for sale in 2009 and early 2010.
However, there are little to indicate that these vendors must carry out an urgent sale for financial or economic reasons which means that real estate prices downward pressure is modest.
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