What Will Happen to House Prices in 2008?

There is uncertainty about the future direction of house prices in the UK. Forecasts range from a collapse of 20%, to moderate increases of 2-3%. The mean prediction is probably for house prices to stagnate. However, within this house prices are likely to vary within geographical regions. For example, Scottish house prices have continued to [...]

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How Much Have House Prices Increased By?

House prices in the UK have increased by 179% in the past decade. This is far higher than the consumer price index. The CPI has averaged 2.0%, compared to an annual house price inflation of 17.9% Areas which have seen the fastest increases in prices include: London, South East Midlands However, the outlook for 2008, [...]

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Average House Prices

“In 2000 the average price was 108,891 pounds; it is now more than twice that at £230,504 pounds. Therefore, when we concentrate on decelerating house prices it is important to remember how much they have risen. In the past 10 years, the average house price in the UK has been driven higher by various factors: [...]

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What Causes House Prices to Fall?

Some factors that can cause House prices to Fall Rising Interest Rates Increased interest rates increase the cost of mortgage interest payments making it less attractive to buy. Some homeowners may not be able to afford rising mortgage payments so they have to sell. Sometimes there is a time delay between increasing interest rates and [...]

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Global House Prices

Since 1997, UK house prices have risen by 213%. The current annual rate of house price inflation is 6.3% (although this hides recent monthly falls. How do UK House prices compare to the rest of the world. These are some selected statistics for House prices in the rest of the world since 1997 South African [...]

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Latest on UK Housing Market

For latest news on UK house prices, UK mortgages and the general state of the housing market, visit our Housing Market Blog. Recent articles include: Is 2008 a good time to buy a house? Predictions for UK House prices 2008 State of Buy To Let Housing Market

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Is the UK House Price Boom Over?

After an unprecedented decade of rising house prices, it looks like the long boom in housing prices is coming to an end. According to the Royal Institution of Chartered Surveyors, house prices in some regions have fallen for the first time since 2005. Whilst these price falls may be temporary and a result of volatile [...]

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Cutting the cost of Buying a House.

1. Bypass estate Agents. Estate agents can take up to 2% of the house price; they are making a very nice profit at our expense. However, it is possible to buy a house without using estate agents. There are schemes which enable homeowners to buy from lists of house not using estate agents. For example, [...]

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How do Falling House Prices Affect your Mortgage?

Falling house prices can lead to a loss of confidence in the housing market; but, in the short term your mortgage is unlikely to be directly affected. If you bought a house costing £160,000 with a 90% mortgage. Your mortgage would be £144,000. A fall in house prices would still leave you with a £144,000 [...]

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North South Divide of House Prices

The divide between house prices in north and south has increased in the past 12 months, reversing the previous trends of a narrowing of the gap. According to a survey by the Nationwide, house prices in areas like Manchester and Liverpool have started to stagnate. House prices in London and the South East have continue [...]

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