Wednesday, July 8, 2009

Back on track?

House price index June 2009

There was a 0.5% decline in average UK house prices in June. On a quarterly basis, the 1.9% fall in house prices in the second quarter was the smallest since 2008 quarter one. These figures provide evidence that the underlying pace of house price decline is easing. There are further indications of a modest improvement in sales activity, albeit at a very low level. Industry-wide figures show that the number of mortgages approved to finance house purchase increased for the fourth successive month in May. Approvals were at their highest level since April 2008 and 10% higher than a year earlier. Improvements in affordability and low interest rates have stimulated housing demand. This, together with a low level of properties available for sale, has helped to stabilise activity...

Posted by 51ck-6-51x @ 09:35 AM (3383 views)
Please complete the required fields.

3 thoughts on “Back on track?

  • 51ck-6-51x says:

    I still do not know why increasing sales always portrayed as an indicator of less falls ( or even more rises )?
    Transactions are required for price discovery, no matter in what direction.

    Please complete the required fields.

  • it_is_going_with_a_bang says:

    Low level of properties for sale? There are 270 within 1 mile of where I live. I wouldnt call that a low level.

    Please complete the required fields.

    – I don’t know if 270 is low or not, it depends where you live. I am in London, so if there were 270 within a 1mile radius of my flat I would call that low since it would be a small ratio of “for sale / total properties”. If there are a few new developments near you that would push up the figure too… maybe it is worth researching for a national statistic?

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>