| |
Share, Like & Tweet!
|
|
|
|
|
< back to news stories
House prices fall by 1.2% in August
08/09/2011
According to official figures, the price of houses in August 2011 fell by 1.2%. This set the average house price to £161,743 according to Halifax house price index.
The price of the average house on the property market was a total of 2.6% lower than in August 2010. However, there was a price increase of 1% in the three months leading up to August compared to the three months prior.
Martin Ellis, housing economist has commented that these latest figures show the housing market is slowly starting to improve but due to the low volume of property sales house prices are unpredictable from month to month. This means that the quarterly figures are more indicative of the current housing market then the monthly statistics.
With house prices still being at a low now is the time to buy property and could be the right time to help your grandchildren take their first steps onto the property ladder to help them with their future. This can be possible for homeowners aged 55 years and over with equity release plans such as a lifetime mortgage to help free up some funds from your property.
Find out more by contacting the right equity release for advice on how you can help invest in your grandchildren’s future.
|
| |
|