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What is the value of my property if house prices are falling?

Posted by on January 27th, 2009

It is common knowledge that property prices have been shooting through the ceiling over the past couple of years. However, if you have been keeping up with the latest newspaper headlines, the internet or if you speak to an estate agent, it appears to be emerging that the property market may be slowing down, or even turning round. Property that is situated in a good area with a low crime level, on a public transport route, outstanding State schools/colleges/universities and with easy access to fundamental amenities, will almost definitely forever be sought after.

 

Why do house prices vary from region to region?

Posted by on January 26th, 2009

Nearly all surveys are in agreement that the slow-down has been more prominent in the London area and the SE of England, where property prices are extremely more elevated. 1st time property purchasers have a predominantly hard job affording a property in these areas, and the county has also witnessed massive employment casualties amongst the wealthier City employees. In other areas of the country, in particular up North and Wales, where property prices are a lot less, the property market has carried on rolling ahead.

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