Sell or let your house privately online
Houseladder.co.uk
 
GUIDES
News Categories
News Archives
 

Consumers urged to keep house price figures 'in perspective'

Posted: 01 Aug 2008 13:09:47 GMT

Property News - Consumers urged to keep house price figures 'in perspective'

Whilst the Nationwide house price index has shown that house prices have fallen again by 1.7 per cent, the National Association of Estate Agents (NAEA) has said that the figures need to be taken in context.


Peter Bolton King, chief executive of the NAEA, has said that consumers need to remember that the report only shows a "snapshot" of the market.

Mr King said: "Despite the Nationwide report revealing that the price of a typical house fell by 1.7 per cent in July it is important to remember that the prices are on average £11,000 higher than three years ago."

He went on to say that in order for homebuyers and sellers to get a clearer picture of the market as a whole they needed to look at prices regionally, warning that there was a need to keep the figures "in perspective".

Despite the fact that the credit crunch has had a detrimental effect on consumer confidence, Mr King said that the public should be buoyed by the good fundamentals of "low unemployment, historically low interest rates and a pent-up demand for houses".

© Houseladder Ltd


Selling or Letting?
Advertise Your Property FREE. Reach over 400,000 Buyers and Tenants every month!

FREE Property Guide
How To Sell, Buy, Let or Rent Property FASTER. Essential Reading for the credit crunch!

Financial Worries?
Tired Of The Rat Race? Want a Solution? Need a Second Income?
Watch This Video

FREE Property Advert
Selling or Letting? List Your Property FREE Now!

FREE eBook worth £47
How To Sell Or Let FASTER and Save £1000s!

Financial Worries?
Tired Of The Rat Race?
Want a Solution?
Watch This Video

LATEST NEWS

Property price predictions made
02 Jul 09

Warning issued over home improvement
02 Jul 09

Around 1m first-time buyers waiting for property
01 Jul 09

Nationwide house prices consistent with Rics' data
01 Jul 09

Ahipp says 95% of transactions involve Hips
30 Jun 09

Property prices up in June, says Nationwide
30 Jun 09

Average Welsh property valued at £119,990
29 Jun 09

London property prices 'to tick back up'
29 Jun 09

Local knowledge 'an advantage for buy-to-let investors'
26 Jun 09

Landlords see rents stabilise
26 Jun 09

Property buyers urged to research using websites
25 Jun 09

Increase in number of mortgages approved
25 Jun 09

Property improvement advice for homeowners
24 Jun 09

More property selling reported
24 Jun 09

Better property market forecast offered by CML
23 Jun 09

Buy-to-let 'to change' as sales sector picks up
23 Jun 09

Buying, selling and current property market assessed
22 Jun 09

Buy-to-let 'bounces back'
22 Jun 09

Property event attracts the crowds
19 Jun 09