UK House Prices Rise. Is the end near?

UK House Prices Rise. Is the end near?

Uk Property Nationwide Building Society has reported that UK house prices rose sweetly by 1.2% in May bringing the average house price there up to £154,016 (€178,110). This is the second time in the past three months that UK prices have risen causing an outburst of excitement and spurring on rumours that the depressed property is coming to an end.

Due to low house prices and … historically low and attractive interest rates Estate agents in the UK have recently witnessed floods of potential buyers arriving into their offices. However Nationwide has warned it maybe to soon to pop the champagne, as any recovery of the property market is likely to be gradual one.

There are 2 comments for this article
  1. lowestmortgagerate at 1:41 pm

    Hi,
    The purpose is to make you aware of what legal action can come your way and how to get out of it, to empower you with knowledge of the basic laws and consumer rights so that you’re able to fight out illegal practices in the industry.

    To help you browse through the site easily, we’ve developed separate sections on Mortgage Cases, frauds and laws. Apart from these, there’s a section on Mortgage Guide. Through the guide, we aim to provide information on how to get a mortgage and manage it, the various types of programs on offer and related financial issues.

    Apart from the above, you’ll get an idea about various terminologies to help you understand legal jargons in a simple way. So, if you’re the one requiring legal knowledge to fight out a case or avoid being a victim of mortgage fraud, browse through the website and make yourself aware of the laws and consumer rights. Take a look at the articles given below for a better understanding of mortgage frauds you should avoid and how best you can do so.

  2. Gary Alder at 3:11 pm

    Here’s one to think about before you buy a second hand house right now. The average selling price for a second hand house in Ireland today is €248,640, the average price for a second hand house in the UK is €178,110. Ask yourself this question, Why are house prices not roughly the same in the UK and Ireland? I am waiting to buy a house at the moment and when I see the prices dropping to similar level of those in the UK, then I will consider spending my money, not before then. Think about this the next time you hear an auctioneer say “Prices are at ROCK BOTTOM, it’s time to buy”. YEAH RIGHT!!!!!!!!!!!!!!!!!!!

Leave a Reply