Hometrack Reports a 0.1% Fall in UK House Prices
Today, on October 3rd Hometrack released its latest report on house prices.
The survey found out that property prices declined by 0.1% in August, marking the 15th month of consecutive falls. The demand decreased by 1.2% as 2.5% less clients registered with UK estate agents in August.
Hometrack experts believe that the demand and house prices will continue to further decline. As such, Mr. Donnell said that "Continuing economic uncertainty both at home and in the Eurozone is likely to dent consumer confidence further. This can only result in demand slipping further over the final months of the year. As the gap between supply and demand widens, we are likely to see an acceleration in the level of price falls as we head towards the end of the year."
Let us remind that earlier we reported a 0.1% rise in house prices registered by Nationwide.