http://www.publicangel.com/forum/showforum.php?fid/13/Discuss property pricesnoneThu, 02 Apr 2009 15:05:01 GMTThu, 02 Apr 2009 15:05:01 GMThttp://blogs.law.harvard.edu/tech/rssFusionBB 2.3 (www.fusionbb.com)http://www.publicangel.com/forum/showtopic.php?tid/210/http://www.publicangel.com/forum/showtopic.php?tid/210/
However Fionnuala Earley, Nationwide's chief economist was quick to dampen any thoughts of a recovery, stating "it is far too soon to see this as evidence that the trough of the market has been reached" and that quantitative easing and low interest rates would take more time to filter through the economy and lead to a sustained recovery in the housing market.

This will still come as positive news to anyone who currently owns a house and has been watching their equity gradually drain away. Combined with news that buyer interest is up and mortgage loan approvals on the rise, it certainly paints a prettier picture than some of news over the past year.
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This pushes the annual rate of decline to 16.5%, with the average property price now standing at £153,862, that’s £30,361 down in the past year (figures from Land Registry).

This is particularly worrying for anyone with a mortgage loan that was taken out within the last few years, as there is a real danger of many people facing negative equity.
]]>Fri, 27 Mar 2009 14:28:43 GMThttp://www.publicangel.com/forum/showtopic.php?tid/201/http://www.publicangel.com/forum/showtopic.php?tid/201/
The biggest barriers to home purchases are the same now as they were in December, namely raising a large enough deposit, obtaining a sufficient mortgage & job security.

It seems the fact that property prices have fallen considerably over the last year and that interest rates have dropped has led to increased interest in property purchases, in spite of the fact that general opinion is that property prices will continue to fall. It is the current economic outlook that is still discouraging people, and it could take an improvement here before purchase figures start to dramatically increase.
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