House prices fall for the first time since February

Published on July 30, 2010 | Author: bex

Filed Under Housing Market News | Leave a Comment 

Don’t let further falls in house prices affect your house sale

 

House prices fell this month for the first time since February, as demand subdued due to the reluctance of UK homebuyers. Recent figures from Nationwide have shown that the average house price fell to £169,347 from £170,111 last month. ”So far in 2010 demand from homebuyers has made little progress in building upon the recovery seen during much of 2009,” said Martin Gahbauer, Nationwide’s chief economist. “Despite the introduction of a second stamp-duty holiday for the vast majority of first-time buyers and record low interest rates, the number of properties changing hands across the UK is still running at only half the levels seen prior to the financial crisis and recession.” Gahbauer said a combination of restrictive credit conditions  and uncertainty about the future economic outlook means only wealthier buyers remain in the market. The outlook remained bleak for homeowners.  

Don’t let the recent decrease in house prices prevent you from selling your home. Call our experienced team at Quick Cash For Properties today on 0800 933 6137.

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