House prices will fall - but not much - The Week UK

House prices will fall – but not much – The Week UK

This is predicting house prices going down but the difference isn’t going to be that big. If you are looking to buy a house you should watch for a time when the market is down so you get one for less. This would be a good time to buy. Even if it’s only down a little that’s still better than nothing. Any amount you save is good because then your payment is lower and you can afford to make it on time.

Key Takeaways:

Less than a week after the Office for National Statistics (ONS) reported that house prices picked up in April with their fastest growth in six months, Rightmove reports today that asking prices dipped
According to data provided by 13,000 estate agents, the average newly-listed property in England and Wales on the Rightmove website was put up for sale for £316,109, says The Times.
The figure is 0.4 per cent, or £1,172, lower than the average asking price in May, says the Daily Mail. It’s the first time the website has recorded a decline in June since 2009.

“Both Nationwide and Halifax have forecast positive price growth – of around two per cent – for this year as a whole.”