12th January 2011

UK house prices fell 1.3% in December

Although I am against the sensationalist aspects relating to house price surveys (the most recent conducted by the Halifax) I was interested to note that they expect limited movement in house prices during 2011 as interest rates are likely to remain low for some time.  They also pinpointed a reluctance to sell from some homeowners, this halting a decline in prices.

I do agree with this sentiment and am firmly of the view that house prices will remain stable during the course of 2011. However, I don’t think it will be any easier to sell your property and would therefore emphasize the importance of getting an experienced solicitor estate agency to sell your property.  On the other hand, I don’t think that there will be many bargains around and again when purchasing, speak to a property specialist to ensure that you are buying a property for the best possible price that you can.

2011 will be a very interesting year for the housing market!

Lindsay Darroch
Head of Property Services



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