Prices on houses in England and Wales
The average prices on houses in England and Wales fell in December by 0.3% to 175.2 thousand pounds. Prices of homes falling third month in succession. Compared with December 2006, home prices have risen by only 3%. This is the worst result for the last 18 months.
Average home sales also increased. Now it is 58 days.
In the current situation on the real estate market in the world and the world financial markets, it’s likely that the sale of homes in Britain has further to fall. The growth in real estate prices in the UK next year, according to our forecasts, will not exceed 2%.
The average prices on houses in England and Wales fell in December by 0.3% to 175.2 thousand pounds. Prices of homes falling third month in succession. Compared with December 2006, home prices have risen by only 3%. This is the worst result for the last 18 months.
Average home sales also increased. Now it is 58 days.
In the current situation on the real estate market in the world and the world financial markets, it’s likely that the sale of homes in Britain has further to fall. The growth in real estate prices in the UK next year, according to our forecasts, will not exceed 2%.