House prices will fall – but not much – The Week UK

This is predicting house prices going down but the difference isn’t going to be that big. If you are looking to buy a house you should watch for a time when the market is down so you get one for less. This would be a good time to buy. Even if it’s only down a little that’s still better than nothing. Any amount you save is good because then your payment is lower and you can afford to make it on time.

Key Takeaways:

  • Less than a week after the Office for National Statistics (ONS) reported that house prices picked up in April with their fastest growth in six months, Rightmove reports today that asking prices dipped
  • According to data provided by 13,000 estate agents, the average newly-listed property in England and Wales on the Rightmove website was put up for sale for £316,109, says The Times.
  • The figure is 0.4 per cent, or £1,172, lower than the average asking price in May, says the Daily Mail. It’s the first time the website has recorded a decline in June since 2009.

“Both Nationwide and Halifax have forecast positive price growth – of around two per cent – for this year as a whole.”

Read more: https://www.theweek.co.uk/house-prices/61987/house-prices-will-fall-but-not-much