Past Market Performance: Property Prices Start to Freeze

House Prices for 2011

Recent property price reports which measure what's happened to property prices in the past suggest that 2011 was a year where prices rose until the summer, then dropped back again, in the main to slightly lower than 2010 prices.

Volumes year on year are down, only by less than 1%, but this, along with other data suggests market volumes are weakening. This is significant for those looking to sell this year as lower volumes typically mean prices are likely to fall in the coming months. Back during the market heights, the average monthly volume in England and Wales was approximately 89,000 sales per month. At its lowest in 2009, the average monthly volume was 52,000 - a fall of 40%. Current volumes are running higher, but not by much: 60,000. This still represents 30% fewer homes being sold versus 2007.

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