House prices still falling
Series: Hometrack Press Release ; August 2004 (10)Publication details: 2004Subject(s): Summary: The "Hometrack August survey of the national housing market" again reports a -0.1% fall in average house prices, taking the price to £152 100. Average sales price achieved as a percentage of asking price fell further to 94.9%, down from 95.5% in July. This indicates that the tide is definitely turning against the seller. Overall 26 counties recorded price falls. The average time it takes to sell has also risen to 5.3 weeks - up from 4.8 weeks in July. Hometrack predicts that house prices will continue along this plateau for the next 12-18 months, with house price inflation forecasts remaining at 5% for 2004. http://www.hometrack.co.uk/index.cfm?fuseaction=ne ws.viewnewsitem&newsid=85| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB403417 (Browse shelf(Opens below)) | 1 | Available | 127234-1001 |
The "Hometrack August survey of the national housing market" again reports a -0.1% fall in average house prices, taking the price to £152 100. Average sales price achieved as a percentage of asking price fell further to 94.9%, down from 95.5% in July. This indicates that the tide is definitely turning against the seller. Overall 26 counties recorded price falls. The average time it takes to sell has also risen to 5.3 weeks - up from 4.8 weeks in July. Hometrack predicts that house prices will continue along this plateau for the next 12-18 months, with house price inflation forecasts remaining at 5% for 2004. http://www.hometrack.co.uk/index.cfm?fuseaction=ne ws.viewnewsitem&newsid=85