LONDON, ENGLAND, January 31, 2013 /24-7PressRelease/
-- According to the national monthly housing market survey published by Hometrack, property prices in January have remained flat. New home registrations and the number of new homes available are decreasing although there has been a decline in the number of regions reporting price falls in their area according to postcode. London was the only area in the UK that saw a price increase of 0.3% in January. Most areas saw no change in property price changes, the largest fall was in East Anglia of 0.2%. Prices for new homes in Scotland
also remained flat.
However, estate agents are on the whole more positive due to increased and improved mortgage lending being freed up by banks and also buyers and sellers having a more realistic perception regarding property prices. Previously property prices have remained high because sellers have not discounted their prices in line with the market conditions. However, indicators have shown that there is an increase in the percentage of asking price achieved overall which shows a more realistic asking price for properties.
Property market conditions have also improved this month slightly compared to the same period in 2011 and 2012. However the number of new homes coming on the market has retracted to its lowest level in over three years and the demand for housing has also been impacted by the wider economic climate and the decreasing consumer confidence generally. The number of new homes for sale
listed fell by 6.8% across the UK. The supply of new homes for sale has decreased with just fewer than one million new homes for sale being registered and coming onto the market. House sellers are also not rushing forward to put their properties on the market until the market conditions and property prices improve overall.
Notes to Editors:
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