Latest Property Price Market Update

publication date: Oct 13, 2009
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author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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Market stats show property has had a little 'wobble' over the summer, with the percentage of properties sold versus for sale down from a high of 36% to a low of 27%, the lowest conversion since April 09.

Sellers and buyers are starting to stay at home again, with a real shortage of properties coming onto the market in some areas, however the number of buyers looking also fell according to Hometrack and NAEA.

Market stats show the best performing areas are in Wales with Ceredigion (-4.6%) Conwy (-6.1%) and Vale of Glamorgan (-6.2%) and London also showing a 6.2%  fall. The worst performing areas Hartlepool (-23.7%) and Luton continuing to fall (-18.5%). 

READ ON on to find out more about the house price market for September.


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