Wednesday, October 7, 2009
Last September, the `average` house was valued at around Â£161,800*. Prices were on the way down, and kept falling for another five months - reaching an average of Â£147,700 in February - before starting to climb again. This September, the average house was again valued at around Â£161,800, giving us an annual change of 0%. The last 12 months, in other words, have seen house prices move down and up again in a `V` shape, leading many to hope that prices were on their way back up and that all the fears of negative equity and a `house price crash` had been blown out of proportion.