You are here: Home - Mortgages - Buy To Let - News -

UK house prices drop 0.2% in October

0
Written by:
30/10/2012
UK house prices retreated at a 0.2% month-on-month pace during October and by another 0.4% versus the same month a year ago, according to the latest data out from Hometrack.

The latter was the smallest decline seen in two years. Nevertheless, for Richard Donnell, Hometrack’s director of research,

“The foundation of any national and sustainable recovery in the housing market rests on growth in the wider economy and household incomes … [Demand for homes is] likely to slow down in the run-up to the year-end with agents looking to push through as many sales as possible.” A measure of demand for homes increased 0.3% in October versus the previou

s month, on the back of a 3.9% surge in London.

Sales jumped by 9.2% as prices of old housing stock were lowered, it said.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
‘Banxiety’ grips Brits as 9m bank statements go unopened

Brits are a nation of ostriches who bury their heads in the sand when it comes to their personal finance,...

Close