Still Saying “Sell My House Please!”? – There Is Some Good News
Figures released today by Nationwide how house prices have risen for the seventh month in a row but despite the optimistic outlook, the market is starting to slow down.
The building society’s stats show the average house price increased by half a percent in November to £162,764 but the rolling three-month index dropped to 2.8% from 3.5% last month.
So, if you’re still screaming: “i need to sell my house quickly”, it’s a way of yet but the Bank of England did report that the number of mortgages approved increased to 57,345 last month. Essentially, house prices rose due to the lack of supply but experts predict 2010 will bring more properties and therefore lower prices.
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