Number Of UK Properties For Sale At A Discounted Price Falls

The average house price in the UK is falling month by month, especially in and around London. In addition, the number of UK properties for sale at a discounted price falls further, decreasing by approximately 1,000 within one year.

House prices in the commuter belt around London are decreasing rapidly, where previously they held. Meanwhile, in the South East of England we've seen a price reduction of around 2%. Property websites have reported a 0.2% dip when they normally see a rise after summer.

Meanwhile, high street inflation has reduced even more dramatically expected, dropping to approximately 1.7%. This is the lowest rate of inflation that has been seen for several years, and is more significant than the 1.9% that. economists predicted. At the Office of National Statists, experts note that this is likely the result of an increase in clothing prices and a decrease in computer game prices.

If you're a homeowner, be sure to take this latest information about falling house prices into account. If you're thinking about selling, now may be the right time to make the call.

Quick Move Property Ltd trading as PropertyBuyer.co.uk

The Old Bank, 259 London Road, Hadleigh, Essex, SS7 2BN

T: 0800 246 1188
T: 01702 742 111

Important: Whilst we make every effort to complete in a quick and reasonable timescale, there are sometimes circumstances that might affect the actual completion date, and in extreme circumstances our ability to purchase. Any initial offer made is provisional and will only be confirmed once we are in receipt of a survey, and the searches and contracts are deemed satisfactory by our legal team. Other factors may affect our decision to purchase, or affect the price we eventually agree. Over recent years financial turbulence and market forces from both inside the UK, Europe and the rest of the world have caused extreme price fluctuations in the UK property market. Property law is such that until exchange of contracts takes place with the legal representatives the transaction is not legally binding. Prior to a legal exchange of contracts we can rescind the agreement at any time if we have any knowledge or we are advised that the property is not as initially described and/or anything comes to light that may have affected its value. Alternatively, the purchase price may be renegotiated by mutual consent. In the event we rescind the agreement then all legal aborted costs, disbursements and survey fees in the transaction will be met by us. We strongly advise not to commit to any expenditure or completion dates until legal exchange has taken place.