In these uncertain times, trying to make sense of daily and differing reports on house prices is a daunting task. So I’m not even going to try!
Kate Faulkner wrote a great piece for us on understanding conflicting house price reports, which is well worth a peek. If you want to make up your own mind, here’s some of the latest house price reports for your perusal.
Rock kickstarts lending with 70% rise in home loans
This Is Money
Estate agents downbeat on revival hopes
Financial Times
Northern Rock to report second year of losses after mortgage arrears rise
The Guardian
House prices may fall another 15%
The Mirror
Estate agents downbeat on tax hike as prices rise
Property Week
Housebuilder Persimmon reports increased interest from potential buyers
LDP Business (Liverpool)
Property prices on the rise
South West Business (West Country)
Commentsoldest first
Bit of a mixed bag then?
However, at least there is some good news out there. So something must be changing.
A mixed bag indeed. While every report we read at the moment needs to be interpreted against the wider economic situation, and critically assessed based on source, I do agree that, for the first time in a long time, not everything we’re reading is negative. This must at least be of some comfort to homeowners.
We have now learned that figures from the NHBC show that the number of applications to build homes rose in the last three months, which is the first time in three years.
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