Well there isn’t actually a house price index for Camberley, Aldershot, Farnborough or any of the the other local towns.
However the Halifax has released its latest figures showing the national trends.
As I have written before, the south of England, still has a shortage of properties to sell, even though it currently is a buyers market at the moment.
Here are the key facts from their report…
- Prices in the three months to October were 1.2% lower than in the preceding three months. House price data on a quarterly basis provides a clearer indication of the overall market trends, smoothing out the volatility caused by the reduced number of monthly transactions in all house prices indices’ monthly figures. All the major house price indices are indicating an underlying slowdown in house prices notwithstanding a divergence in monthly reporting.
- Prices in October were 2.3% lower than at the end of 2009 on a seasonally adjusted basis (-1.2% unadjusted).
- The underlying pace of house price growth has turned moderately negative in recent months. The rate of decline, however, is significantly lower than the quarterly rate of decline of -5% to -6% during the second half of 2008.
- House prices remain higher than a year ago. Prices in October were 1.2% higher on an annual basis as measured by the average for the latest three months against the same period a year earlier. This continues the recent downward trend from a high of 6.9% in May.
- House prices in October were 6.6% higher than in April 2009. Despite the recent downturn, prices remain above the trough reached in spring 2009. The average price is now £164,919; £10,256 higher than in April 2009.
