Readers of previous blogs will know my deep suspicion of house price reports, however, the recent report out on 7 October from the Halifax indicating that UK prices fell 3.6% in September does, to me, indicate rather than a trend for house prices more a market correction that is currently taking place. I know from speaking to some surveyors recently that they are of the view that there will require to be a correction in certain house prices to get the market moving again.
I will update you as soon a I have more information.
Head of Property Services
- What next for house prices? (telegraph.co.uk)