"The Easy Way to Get Your Best UK Mortgage" |
|
| Helping
over 300,000 people a year find the right mortgage NINE YEARS ONLINE |
|
|
|
|
||||||
|
|
UK House Prices Situation at 14 12 2007: Falling slowly
UK House Prices Forecast: Continued slight falls in most areas
Halifax Reports 1.1% Fall In House Prices
Britain’s biggest mortgage lender, Halifax, this week published its House Price Index for November.
It showed a 1.1% fall in the average UK house price – meaning that for the first time since 1995, house prices have fallen for three consecutive months. The fall meant that the annual rate of change fell to 6.3% - down from 8.9% in October.
Halifax described the pattern of mixed monthly falls and rises as a “typical feature” of a “more subdued housing market”. They observed that from July 2004 – June 2005, there were six monthly falls and six monthly rises – in response to interest rate rises during 2004.
Martin Ellis, Halifax Chief Economist commented that he believed the UK’s sound economy and strong buyer demand would “support house prices, preventing a sustained and significant fall."
Mortgage Approvals Down 32% from November 2006
New Bank of England figures have revealed that mortgage approvals in November were down 32% from the levels seen in November 2006 – a further sign that house-buying activity is slowing down considerably.
This is thought to be due to the combination of uncertainty over house prices and the effects of the credit crunch – which has caused many lenders to tighten their lending criteria.
Completed Sales Down 15%
New figures from RICS (Royal Institution of Chartered Surveyors) show that completed property sales are down 15% from this point last year. RICS also commented that new buyer interest in purchasing a house was down for the eleventh consecutive month.
.
Latest House Prices Forecasts and Predictions in the UK
House Prices Forecasts and Predictions to 10/10/2006
House Prices Forecasts and Predictions to 27/10/2006
House Prices Forecasts and Predictions to 3/11/2006
House Prices Forecasts and Predictions to 7/11/2006
House Prices Forecasts and Predictions to 22/11/2006
House Prices Forecasts and Predictions to 27/11/2006
House Prices Forecasts and Predictions to 3/12/2006
House Prices Forecasts and Predictions to 10/12/2006
House Prices Forecasts and Predictions to 17/12/2006
House Prices Forecasts and Predictions to 22/12/2006
House Prices Forecasts and Predictions to 29/12/2006
House Prices Forecasts and Predictions to 5/1/07
House Prices Forecasts and Predictions to 12/1/07
House Prices Forecasts and Predictions to 19/1/07
House Prices Forecasts and Predictions to 26/1/07
House Prices Forecasts and Predictions to 2/2/07
House Prices Forecasts and Predictions to 9/2/07
House Prices Forecasts and Predictions to 16/2/07
House Prices Forecasts and Predictions to 23/2/07
House Prices Forecasts and Predictions to 2/3/07
House Prices Forecasts and Predictions to 9/3/07
House Prices Forecasts and Predictions to 16/3/07
House Prices Forecasts and Predictions to 23/3/07
House Prices Forecasts and Predictions to 30/3/07
House Prices Forecasts and Predictions to 6/4/07
House Prices Forecasts and Predictions to 13/4/07
House Prices Forecasts and Predictions to 20/4/07
House Prices Forecasts and Predictions to 27/4/07
House Prices Forecasts and Predictions to 4/5/07
House Prices Forecasts and Predictions to 11/5/07
House Prices Forecasts and Predictions to 18/5/07
House Prices Forecasts and Predictions to 25/5/07
House Prices Forecasts and Predictions to 8/6/07
House Prices Forecasts and Predictions to 15/6/07
House Prices Forecasts and Predictions to 22/6/07
House Prices Forecasts and Predictions to 6/7/07
House Prices Forecasts and Predictions to 13/7/07
House Prices Forecasts and Predictions to 20/7/07
House Prices Forecasts and Predictions to 27/7/07
House Prices Forecasts and Predictions to 3/8/07
House Prices Forecasts and Predictions to 10/8/07
House Prices Forecasts and Predictions to 17/8/07
House Prices Forecasts and Predictions to 24/8/07
House Prices Forecasts and Predictions to 31/8/07
House Prices Forecasts and Predictions to 7/9/07
House Prices Forecasts and Predictions to 14/9/07
House Prices Forecasts and Predictions to 21/9/07
House Prices Forecasts and Predictions to 28/9/07
House Prices Forecasts and Predictions to 5/10/07
House Prices Forecasts and Predictions to 12/10/07
House Prices Forecasts and Predictions to 19/10/07
House Prices Forecasts and Predictions to 26/10/07
House Prices Forecasts and Predictions to 2/11/07
House Prices Forecasts and Predictions to 9/11/07
House Prices Forecasts and Predictions to 16/11/07
House Prices Forecasts and Predictions to 30/11/07
House Prices Forecasts and Predictions to 7/12/07
Browse over 200 Free Mortgage TipsYour Complete Guide to UK Mortgages Find Out How to Win the Race to Buy Your Home - Home Buyers Guide Learn How to Save ££s by Remortgaging Read the Insider Info on Home Insurance Site Help |
 |  |  |  |
|
©Moneysorter Ltd. Office registered in England, Company Number: 3891081, VAT reg no 769 7245 74 Data Protection Register number Z4835056 Consumer Credit Licence 509896. This website is Approved by Cradon Investments Ltd Authorised and Regulated by the Financial Services Authority FSA No: 300505 |