The latest figures from the Nationwide, suggest that Property price were down on average 3.8% in July compared to the year on year average.
What does this mean for Buy to Let property investors? And also how will home owners be affected?
The main problem causing these falling property prices, seems to be the impact of the interest rate hikes by the Bank of England over the last 18 months, designed to combat the high rate of inflation in the UK.
It looks like the Property Market Crash predicated by many property experts has not happened but UK property prices will continue to drop whilst interest rates remain relatively high.
More and more property sales seem to be falling through, which means there will be increasing numbers of motivated sellers, which is why it’s a great time to buy, if you know what you are doing.
If you want to learn about how to make the most of the current property market conditions, register to join Simon Zutshi on some no cost online property training here.
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