Prices of homes ‘down again’
In June, the price of a house on average dropped by 0.9 per cent, according to new figures published by the Nationwide, news that may interest those wanting a mortgage.
According to the building society, property prices are now also 6.3 per cent below where they were one year ago, even though Scotland defied the slowdown.
Chief executive at the Nationwide Fionnuala Earley said that it is unlikely that there will be a great positive change in the months ahead.
But she suggested that it will become easier for some buyers as prices in the market continue to drop.
"As prices continue to fall affordability measures become more favourable for those in a well-financed position to buy," she commented.
Moreover, annual growth levels in Scotland stood at 0.6 per cent, it highlighted, because higher oil prices have had a good impact on some regions there.
Yesterday, Hometrack claimed that house prices have dipped by 3.2 per cent in the last year.
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