Mullucks Wells
News Item
House Prices Rose Half a Percent Last Month
After 3 months of price falls, the housing market has now seen a price rise of half a percent in the four weeks to 8th October.
According to property website Rightmove, the number of unsold properties on estate agent books also fell slightly. "After five years of booming house prices, followed by a year-long worry about a crash, we appear to have had a soft landing. Now we have touched down at a sustainable level of pricing, buyers and sellers are gaining in confidence", report the group.
More realistic asking prices and hopes of a further cut in interest rates are thought to have made people more optimistic, although more first-time buyers and lower mortgage rates were likely to be required before the market takes off again.
More Archived News
Current News Releases
