House prices are set to fall next year as the fragile economic outlook continues, research suggests. According to the RICS Housing Market Forecast published today, headline price levels could drop by around three per cent across the UK.
The latest property market report from Halifax warns that the housing industry is operating at a ‘very weak level’ - with further average house price falls of 0.9% in November. This is a setback after an increase of 1.2% in October.
Most Brits believe families in crisis can get their lives back on track with the right kind of assistance, a study by 4Children shows. The charity said the findings contradict the view that children should be taken into care during challenging times.
Annual house price growth is set to end the year on a negative note, with unemployment and low wage inflation denting mortgage demand, according to the latest forecast from the Centre for Economics and Business Research.
The credit crunch led to the lowest proportion of recent homemovers on record in the UK, according to new figures released by the Official of National Statistics, which show that during 2008/09 only 9 per cent of households had moved to their current address within the previous 12 months.
House Price Index
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- New build property prices ‘up 7.7% in 12 months’
- House prices ‘down 0.5% in 2011’
- Property prices ‘resilient in 2011’
- Property sales to rise, but house prices to fall in 2012
- Buyer demand and sales ‘lift in November’
- Investigation into consumer understanding of energy bills
- EDF Energy to cuts gas costs by 5%
- Energy saving tips from ConserveEnergy
- UK fuel poverty hotspots revealed
- Ofgem outlines Smart Meter protection plan
- E.ON energy price rise to kick in tomorrow
- Northerners paying more for home energy
- Families blame each other for energy wastage
- A quarter of UK boilers 'at risk of breaking'
- UK homes braced for biggest ever energy bills