Residential conveyancing news: House prices fall for fourth month in a row

Call us on our free phone number 0800 587 0093

People Finder

Search AG

Share this site

My Ashton KCJ Bookmarks

Currently no favourites bookmarkedAdd this page to FavoritesCharacter limit exceeded! Limit:To delete the bookmark click on the title and drag out.Bookmark already exists!Custom titleDescriptionPlease fill in all required fields!

100smoothness

Warning: Invalid argument supplied for foreach() in /home/ashtonkc/public_html/modules/mod_cd_fapa/tmpl/default.php on line 56

Residential conveyancing news: House prices fall for fourth month in a row /resources/news/residential-property/1833-Residential-conveyancing-news--House-prices-fall-for-fourth-month-in-a-row

Home > News & Resources > News > Residential Property > Residential conveyancing news: House prices fall for fourth month in a row

Residential conveyancing news: House prices fall for fourth month in a row

Now could be a good time for would-be homebuyers to seek the advice of residential conveyancing solicitors with a view to purchasing a property.

A survey by Hometrack showed that house prices fell by 0.1 per cent in October 2010, the fourth month in a row that a decrease has been registered.

This was the first year-on-year fall since January and meant that 56 per cent of postcode areas saw their property prices fall.

Hometrack representative Richard Donnell said: "The re-pricing process is likely to be drawn out into the first half of 2011."

An increase in the number of homes on the market could mean that buyers have the upper hand when putting in offers, as the average property is now selling for 92.7 per cent of its asking price.

Last month, a report from Ernst and Young predicted that UK house prices are likely to see a "soft patch" in the coming months, falling by up to five per cent by the end of the year.
ADNFCR-2347-ID-800211013-ADNFCR