House Price Stable
The media seems to be seeing a bit of daylight for a a change! After the doom and gloom it seems that property prices have evened out and there is a bit of a relative ‘feel-good’ factor is back. The average for England fell by 2k during August, 10k during September and the latest figures indicate that confidence is returning. This could have to do with the 1.5% drop in the interest rate from The Bank Of England and the forceful line the government have taken with lenders to pass this cut onto borrowers.
Everyone who has a variable mortgage will have seen a diffference in their payments, which will vary between lenders.
This is the first time since October last year that we can see light at the end of tunnel, but is certain not to be the end of the fall in house prices with at least 2 years before prices will start to grow with 2007 rates.
House Price Spy is the easiest way to keep up with trends local and national in house prices and news about the market in the Uk!