Future Property Market Analysis

Is the Property Market driving the recession or will the recession drive prices down further?

The property market to date ‘on average' has pretty much been in the doldrums. Visit our market reports for Past and Current Property Prices. To date, we've seen a 20% fall in property prices and a 50% fall in volume since the credit crunch. The market itself has pulled back on average price wise to around 10% below the heights of 2007. Sales volumes though remain very low compared to pre credit crunch norms and research and data so far shows no signs of the market recovering, even in areas where property prices are performing well.

Much of what happens to the market for the rest of 2012 will depend on how confident people are to buy a property. This confidence will depend on figures from the media which will include unemployment levels, inflation, what is likely to happen to wages and especially what happens on the mortgage front as well as how they report the property market.


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