Continuous third month fall in the house prices
After reaching at their highest point in the month of October in the year 2007, the prices of the houses have been falling down slowly and this time have fallen by 11 8 per cent. According to the figures, the prices of the house had gone down by 0.2 per cent in the month of April, which on a sum total in from the last year, had come down by 0.9 per cent. According to the building society the activity in the housing society is going to remain slow. The prices of the houses are only going down and in the coming 12 months they are going to go downwards all the more.
Robert Gardner, who works as chief economist at the Nationwide was of the view that the slow in the figures of the housing market that has come in the recent times was affected by the end of the end of the stamp duty holiday of the government in the month of March for the people who were first-time buyers. Because of this thing only, in the starting month of 2012, a boost had come in the purchase of the prices of the houses. This meant that in comparison to the past few months, the prices had been only softer.
On an average the prices of the houses in the United Kingdom, now are around 164, 134 pounds in comparison to the 165, 609 which was the rate in the year before and was 167, 802 pounds in the month of April in the year 2010.
According to the normal data which was not seasonal, as per the measures of the Nationwide, on an average the prices of the houses were at its peak in the month of October in the year 2007, and were at 186, 044 pounds. After this they fell down to a low of 147, 746 pounds in the month of February in the year 2009. Then in the month if June of the year 2010, there was seen a recovery with the average went to its peak with the amount being 170,111 pounds which in the month of April in the year 2012 was 164, 134 pounds. Apply now with loans for bad credit and get amount you need.
Howard Archer, who works as a chief UK economist at IHS Global Insight was of the view that the prices of the houses in the month of April after the month of June in the year 2010 was at a low by 3-5 per cent as well as below of 11.8 per cent in the month of October in the year 2007.
Robert Gardner, who works as chief economist at the Nationwide was of the view that the slow in the figures of the housing market that has come in the recent times was affected by the end of the end of the stamp duty holiday of the government in the month of March for the people who were first-time buyers. Because of this thing only, in the starting month of 2012, a boost had come in the purchase of the prices of the houses. This meant that in comparison to the past few months, the prices had been only softer.
On an average the prices of the houses in the United Kingdom, now are around 164, 134 pounds in comparison to the 165, 609 which was the rate in the year before and was 167, 802 pounds in the month of April in the year 2010.
According to the normal data which was not seasonal, as per the measures of the Nationwide, on an average the prices of the houses were at its peak in the month of October in the year 2007, and were at 186, 044 pounds. After this they fell down to a low of 147, 746 pounds in the month of February in the year 2009. Then in the month if June of the year 2010, there was seen a recovery with the average went to its peak with the amount being 170,111 pounds which in the month of April in the year 2012 was 164, 134 pounds. Apply now with loans for bad credit and get amount you need.
Howard Archer, who works as a chief UK economist at IHS Global Insight was of the view that the prices of the houses in the month of April after the month of June in the year 2010 was at a low by 3-5 per cent as well as below of 11.8 per cent in the month of October in the year 2007.
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