dougs's Blog

House prices falling in the UK: A great time to buy? Confused?

Well UK home primes have fallen for the sixth consecutive month, following lending cuts and loss of consumer confidence according to report from Hometrack Ltd.The UK’s leading housing research company reported that the average cost of a home fell by .2 percent to £174,100. You now need less of these:

While prices are falling, many will be considering buying a new home to gain on savings, but with such inflated prices and restricted lending, you will make the biggest gains by holding out longer.
The real cost of mortgages have increased to a seven-year high. Banks have refused to pass on two Bank of England interest rate cuts since December onto homebuyers. With banks, such as North...