Assetz® News » HOME | RSS Feed FEED | LIST ALL ARTICLES | ASSETZ HOMEPAGE
Investment Property News from Assetz

Assetz® Property News Service

UK house prices 'to drop in coming months'

28th July 2010 | back to article listings BACK    print this article PRINT

The rest of 2010 will see UK residential property prices falling by up to six per cent, an expert has predicted.

Director of Savills estate agency Lucian Cook noted that the past few months have seen contradictory signals coming from different house price statistics providers, with Nationwide's studies suggesting prices are rising and Halifax data indicating falls.

He added: "What is consistent across the board is that rates of growth have been slowing and in some cases they have turned into house price falls."

Mr Cook added that with the market being slow now, downward pressures are set to grow as public spending cuts take effect.

The likelihood of property prices falling may also appear increasingly strong in view of the latest figures for asking prices published by Rightmove earlier this month, which showed the first drop all year as prices dipped 0.6 per cent from June.

Commercial director Miles Shipside said this decline will continue in the months ahead.

Assetz® is a UK and International Property Investment Specialist. Please visit our property sites shown below.

Assetz for Investors UK Assetz Hotels Assetz Homes Assetz International Assetz France Assetz Spain Assetz Cyprus Assetz Germany Assetz Portugal Assetz Ski Assetz Cape Verde Assetz USA Assetz Finance Assetz Fund Management

Accessing the news service

You can view all of the Assetz® UK, International and UK Property Investment Articles and News here.

We also provide an RSS Feed Feed of the news service, or you can view all articles. Click here to view more information on RSS readers and how they make reading online news more convenient.

eXTReMe Tracker