First rise in house prices in 2009
The Land Registry has reported a 0.1% rise in house prices in June compared to May which is the first time since January 2008. This is since as more of a flattening of prices rather than a raise. Now this is good news for the economy and house owners but not so good for the first time buyers such as myself.
I know this might seem harsh, but I was hoping that prices would fall a bit more, making it easier for people such as myself to get on the property ladder. The price of a house is still over inflated from the boom years of 2001 – 2007 and with the restrictions on lending and the high deposit that banks are requesting from buyers, people such as myself are still finding it very difficult to get there foot in the door
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