UK Price Trends for late 2008
Below are the price trends for the UK by country from House Price Spy data, the price trends have been changing in late 2008. Scotland has finally seen a downturn, whereas England has actually see a rise in December.
To see the price trend for England for late 2008
To see the price trend for Scotland for late 2008
To see the price trend for Wales for late 2008
Scotland seemed to be the only country to keep their gains, while not growing as much as before while England had seen the largest previous rises and was most susceptible to a contraction in prices. From the figures the number of sales is still falling, this number will have to rise before prices start to recover. The Council of Mortgage Lenders has released its fuigures for the last year only 500K mortgages were approved, while 2007 saw 1 million approvals.
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