In June the Nationwide Building Society stated that the average house price in the UK has risen only 0.1 % to a figure of £171,000
I find it quite unbelievable that as soon as there is a slowdown in the price rate increase in a month there are so called experts out there suggesting that the house market recovery is struggling. It amazes me that people have such short memories. Briefly, let's look at the facts. Over the last twelve months we have come out of recession and during 2010 we have had a change of Government, two budgets and a month of World Cup football. Bearing in mind all of these distractions to our economy over the last twelve months, I think it is impressive to achieve such a result, particularly when you consider house prices have risen by 3% in the first half 2010 according to the same source. So all in all the market place is not quite as bad as some people say, especially when taking into account the recent increase in properties coming to the market as a result of Home Information Packs being suspended.
