House prices across the UK are expected to fall by 5% in 2012, according to Howard Archer, chief UK and European economist at IHS Global Insight.
Although there have been slight rises in price at the beginning of the year, Mr Archer fully expects the market to remain depressed.
“We suspect that low wage growth, rising unemployment and persistent concerns over the economic situation and outlook will limit potential buyers and weigh down on house prices,” said Mr Archer.
According to figures released by Halifax, house prices fell by 0.9 per cent over the three months prior to January compared to the previous three months before.
This will hopefully encourage those in the market for homes to buy, which will suit those who want to sell house quickly.
April 4, 2012 at 9:23 am | Sell House Quickly, Uncategorized |
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