Low demand pushes house prices down

By ConveyNews | Published: November 20, 2011

Low demand pushes house prices down

There hasn’t been a traditional spring bounce for the property market this year. The multitude of bank holidays and the ongoing economic problems have all hindered. Figures reveal today that house prices have dropped 1.1% in April.

Estate agents sold on average 14.7 in the three months to the end of May. House prices are continuing to decline, buyers are being cautious, in addition to this the number of people putting their homes up for sale continued to rise, with a balance of 15% of surveyors reporting an increase in instructions.

The average home is now £204,439 this is £4,000 down on the start of the year.

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    Tracey launched the Convey News website in 2008 to provide consumers with a guide to the intricacies of Conveyancing and the problems and pitfalls that can make the moving / conveyancing process a stressful experience.  The website includes up to date information and news of what is happening today’s property market and useful tips and advice on the house moving process.

    Over the last 10 years Tracey has worked in both Conveyancing and management roles in Solicitors and Licensed Conveyancing practises, ranging from High Street practices to specialist Conveyancing businesses and has also had the pleasure of working as an Estate Agent.

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