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

Half way point reached in house price falls, says Rics

Posted: 05 Jan 2009 11:10:46 GMT

Property News - Half way point reached in house price falls, says Rics

House prices have passed the halfway mark in their fall from their 2007 peaks, it has been suggested by the Royal Institution of Chartered Surveyors (Rics) in a recent report.


The Rics report suggests house prices will make peak-to-trough dives of 25 per cent before once again beginning their ascent.

Considering they have been widely reported to have dropped 15 per cent already, this forecast leaves room for a further ten per cent drop in value in 2009 alone.

"For homeowners - who tend to base prices changes against 'what they believed they could have put their home on the market for' in 2007 - it will feel more like a 30 per cent fall once asking prices are taken into account," read a Hometrack report, in an attempt to explain the negative view likely to be taken by homeowners.

Such news will do little to boost the confidence of homeowners hoping to sell a property, as with falling prices the chance of negative equity will put off most buyers, making it difficult to sell a home.

Those homeowners intent on selling quickly, however, may benefit from selling a property online, which could lead to more buyers seeing the property and could therefore lead to a higher asking price.

© Houseladder Ltd


Advertise Your Property Here FREE!! 
Reach 400,000+ buyers & tenants every month.
List Your Property Free!
Advertise Your Property Free Now
ebook
FREE Property eBook worth £47! 
Packed with money saving tips for
buyers, sellers, tenants and landlords!
Claim FREE Property eBook Now!
house prices
Discover how much a property was ACTUALLY sold for!

PLUS find out how many properties were sold in each month, not just for the England and Wales, but also by postcode or your selected location.

Unlimited FREE access to House Price Data >>
Save Money On ......
FREE Property Advert
Selling or Letting? List Your Property FREE Now!

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

For Sale Boards & To Let Signs
Save £1000s, Sell or Let your property with a sign!

Mortgages
Fixed Rate, Capped, Tracker... We explain them all. Plus compare 1000s mortgages online.

Home Insurance
Compare Buildings and Contents Insurance. Get a Quote Now!

Home Information Packs
Now SCRAPPED! Find out More!

Conveyancing
Get a Quote and Save £100s.

Tenancy Agreement
Get Your Tenancy Agreement Here.

Tax Guides
How To Avoid Property Tax and Save £1000s

Guides
Buyers
Landlords
Sellers
Tenants
Free ebook
For Sale & To Let Boards

Finance
Credit cards
Loans
Mortgages
Savings

Legal
Building survey
Conveyancing
Credit checks
EPCs
Gas safety certicates
HIPs
Inventory checklist
Tenant deposit scheme
Tenant reference checks
Tenancy agreements

Insurance
Heating insurance
Home insurance
Landlords insurance
Rent guarantee

Moving
House removals
Moving boxes
Self storage
Van rentals

Utilities
Broadband
Electricity
Gas
Home phones
Mobile phones

Books
Tax guides

Search For
Property For Sale
Property For Rent
House Prices
Agents