We keep hearing and reading in the news about house price and values falling, that may be the national picture, but in Camberley, Farnborough and other local areas this is not actually the case.
As I have mentioned on this blog many times before, I talk on a daily basis with estate agents at Romans, Bridges, Vickerys and many other independent estate agents and prices have held.
This mostly due to a lack of properties on the market.
But anyway here is the piece that was featured in the Daily Telegraph today…
British house prices fell at their sharpest pace in eighteen months in October as a lack of mortgage finance and an uncertain economic outlook put off buyers.
The Royal Institution of Chartered Surveyors’ house price index showed a balance of 49pc of surveyors saying prices were falling, compared with 36pc during the previous month and the highest level since April 2009.
The number of people looking to buy a home fell for the fifth month in a row during October as activity in the housing market continued to slow.
There was also a drop in the number of sellers coming to the market for the first time since January, when the extreme winter weather caused people to put their plans on hold.
“With both supply and demand falling, transaction activity is set to remain at relatively flat levels for the foreseeable future,” said RICS spokesman Jeremy Leaf.
RICS said those who did want to press ahead with a transaction continued to struggle to raise the mortgage they need.
You can read more here