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January 7th, 2012 
FAKE NEWS for the Zionist agenda
By
Leon Watson
Last updated at 11:39 PM on 6th January 2012
The average house price in Britain fell by 1.3 per cent to £160,063 last year, Halifax said yesterday.
Latest monthly figures also showed a decline, with a dip of 0.9 per cent between November and December.
But with prices having generally ‘held up well’ during the year, the bank said it was hopeful of continued relative stability in 2012 if the UK can avoid recession.
Halifax said there was a mixed picture during 2011 with six monthly falls, five increases and one month of unchanged prices
The Halifax report comes just a week
after a more positive survey by rival lender Nationwide found the
average UK house price rose 1.1 per cent to £164,785 in 2011.
Halifax economist Martin Ellis said: ‘There is considerable uncertainty regarding the prospects for the UK economy which will, to a large extent, depend on how events in the eurozone unfold.
‘In addition, the extent to which households choose to reduce their debts will also affect growth. As a result, the outlook for house prices is also uncertain.’
Mr Ellis added: ‘Whilst there was a modest fall overall in prices during 2011 with an annual decline of 1.3 per cent in December, house prices held up well last year in the face of the difficult and deteriorating economic climate and substantial pressure on households’ finances.’
The number of first-time buyers has plummeted despite figures showing house prices have fallen
Steadying: Both Nationwide and Halifax have shown house prices treading water
Halifax said there was a mixed picture during 2011 with six monthly falls, five increases and one month of unchanged prices.
But there was an improvement in the annual rate from a decline of 4.2 per cent in May to a drop of 1.3 per cent at the end of the year.
Halifax said recently that prices are likely to be strongest in London and the South East as these regions perform better economically.
Prices elsewhere are expected to be constrained by weaker economic performance and their greater dependence on public sector employment, it added.
While admitting that its forecasts are subject to much uncertainty, Halifax said its best estimate showed the UK’s average house price was likely to be between 2 per cent higher and 2 per cent lower at the end of 2012.
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House prices are govened by demand and supply and the value of any one property is only what someone is prepared to pay for it at agiven time if you purchased a property i the past 12 months then it would be extremely doubtful that you would sell it a profit but if you bought a house ten years ago then you would definitly sell it for a lot more than you paid for it ,Currently it is cons idered a buyers market and not a sellers market property markets generally go in 7 to 10 year cycles since the 2008 crash property markets have been generally stagnant around the world
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Hmmm. Only the other day I read that house prices were rising…..And feeling sceptical, to say the least, I almost posted a comment to the effect – ‘how long would it be til another article claims house prices are falling?’….I just knew it wouldnt be long……..
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I dread when it’s time to remortgage or move. All about the money. Someone always money out of me !!!
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Statistics and more Statistics up down round and around.Where do they get these figures from the Average of what?
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They need to fall another 50% at least. All the greedy people and the fools that self certified their income to get loans they could never afford pushed prices to stupid levels. Also the government need to slap a nice tax or two onto all the people who have more than 2 buy to let properties.
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Nows the time to buy ! at the minute there are some bargains i.e. 20% off 2007 prices! There are so many people with money who are scared of losing their money in banks or shares who will put their wealth in property and land! If prices haven’t crashed during the worst global recession in history then think what will happen once the economy picks up! prices could go up 10% each year! In several years time there will be a generation with a house and those who will never own regardless of income!
I’ve just sold my house and bought another, my experience is that houses are being snapped up quickly! Don’t listen to the doom mongers get your foot on the ladder before its too late!
Equity in a house pays for a fantastic life i.e. dream holidays, children’s education! Renting will always be 30-40% of your income for life! Home ownership provides a low monthly living costs in later years!
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Take the emotion out of this –
House prices are not going to crash, despite the predictions of some who understandably would love this. If anything, they will record either small falls, or stay near enough static, which is also like a fall as wages will eventually close more of the affordability gap.
They will not crash because of simple economics – people will pay what they think they are worth, come down by any significant amount and the buy to letters will step in, which of course will keep prices from falling too much.
If you want a house to live in and not as an investment, then there’s no reason not to buy. If you rent then you will still be paying the money you would use on a mortgage in that rent – providing of course you can get enough for a deposit which is another story. House prices would have to really be in freefall for you to be saving by renting. The “loss” would have to be more than the rental expenditure, money you are paying off your capital.
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I bought mine last year. People don’t save so what do u expect? Can’t have everything for free
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Prices haven’t dropped in area I live in. Stabilised after a bit of a drop.
Prices can’t drop because everything will collapse. Everything is relative to how valuable things are and thats mostly property.
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Excellent news. My only dissapointment is that the drop is not even bigger.
The average UK salary is around £25,000 just now. This means that one of two things HAVE to happen: either house prices (or rents!) have to drop significantly or wages will have to increase rapidly to rebalance the affordability of putting a roof over the head of a ‘Hard working British family’. NuLabour’s (and Gordon Brown’s) disgraceful management of the economy and their obvious desire to stoke a boom in house prices to create an illusion of ‘wealth’ whilst they were in power was nothing short of criminal and the young will be paying for it for years – even those lucky enough to afford a family home will no doubt require two full time salaries to pay for it so their chances of affording children is mimimal.
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