Content begins

Property prices 'will keep fluctuating'

01 June 2009

Property prices will remain uncertain for the foreseeable future, according to Smartlandlord.co.uk's Keshav Thukaram.

He claimed that several of the top indicators for house values are giving conflicting reports, which makes it "difficult to know which way house prices are actually going at any one time".

"What is more certain is that mortgage approvals and transactions are picking up," he said.

Mr Thukaram suggested that "yo-yoing" prices are good news for the property market, as it means that it is beginning to bottom out.

His comments were made in response to today's publication of the Land Registry's house price index, which found the average house price of £155,600 remained the same in April and May.

This was the first time in 20 months that the figure did not fall month-on-month, although it was still down by 9.6 per cent on May 2008.

Nationwide's index for May reported a 1.2 per cent increase in the average house price.

Send us your comments.

Name:

Simply Switch

© MoneyExpert.com 2014

MoneyExpert Limited Registered in England. Registered Number 04765843. Registered Office: MoneyExpert Limited, Craven House, Station Approach, Godalming, Surrey, GU7 1EX. Consumer Credit Licence Number 662105. Data Protection Licence Number Z8204138. MoneyExpert Limited is an appointed representative of MoneyExpert Insurance Services Limited which is authorised and regulated by The Financial Conduct Authority FRN 557120.

Terms & Conditions Privacy Policy Cookies Site Map Complaint Handling