Top 7 Myths of the UK Housing Market

The housing market is subject to many opinions and myths, which later turn out to be incorrect. The UK housing market is particularly volatile and unpredictable. In recent years, there have been two substantial crashes, which many didn’t predict at the time. Yet, despite two house price crashes, UK house prices continue to remain much [...]

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How Housing Market Affects the Economy

How the housing market and changes in house prices affects the rest of the economy, including how the housing market affects economic growth, inflation, interest rates and the banking sector. Wealth Effect. A rise in house prices creates an increase in wealth for householders. As a consequence of this increase in house prices, householders will [...]

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UK House Prices Statistics 2012

UK House price statistics for 2012. In 2011, UK house prices were broadly flat. There was a mixture of news with house prices almost undecided which way to go. In 2012, UK house prices are likely to fall because: Double dip recession. Economic growth stagnant and high unemployment House prices still unaffordable for many first [...]

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Earning Extra From Your House

Some tips on increasing income from your house. The most obvious solution to earning money from your house is taking in a lodger. If done well, this can be beneficial and earn a substantial amount towards your mortgage. Just take a few steps to make sure you are compatible with the lodger, such as laying [...]

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UK House Prices in 2011

The volatility of UK house prices always makes it difficult to predict house prices. But, there are signs that we will be seeing moderate house price falls in 2011. Affordability and house price to income ratios still remain quite high. With the prospect of wage freezes, job losses and higher interest rates, demand for housing [...]

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Factors That Affect Selling Price of Houses

In general terms, house prices are determined by the availability of supply and demand in the economy. For example, higher interest rates combined with lower economic growth tends to reduce demand for houses and therefore reduce prices. For more detailed look see: Factors that affect house prices However, away from macro-economic factors, there are also [...]

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House Prices in 2011

In the second half of 2010, UK house prices fell, and this trend is likely to continue into 2011. However, lack of surplus supply and low interest rates, mean that the house prices falls are likely to be moderate and could return. Difficulties of Housing Market in 2011 Economic recovery from deepest recession since 1930s [...]

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House Price History

This graph shows house prices in the UK since 1952, when the Nationwide building society started keeping records. House prices were a mere £1,891 in 1952. By 2007, they had climbed to just under £185,000. If house prices had kept inline with inflation then a house should be worth £43,701.01 This reflects how mortgages have [...]

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House Price Growth

House Price Growth in the UK in the past 15 years. After experiencing a fall in house prices of 25%, UK house prices look to be stabilising, however, they are stabilising on thin levels of housing transactions. Many homeowners and the government will be hoping for greater sustainability in the housing market rather than the [...]

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Collapse in House Prices

A dramatic graph showing how much house prices in UK are falling. Despite a radical cut in interest rates to 3%, house prices are likely to keep falling in 2009. Why are House prices falling so much Economic recession – rising unemployment increases number of home defaults. – People don’t want to buy with so [...]

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