The house price quandary goes on

Official figures from the Land Registry have today cast doubt on the expected recovery in UK property market. Despite a number of reports showing a positive return on house prices in May the figures from the Land Registry show a further fall of 0.2% to an average across the UK of £152,497. While the reduction in prices is the same as that seen in April it is significantly lower than the 0.5% fall seen in March. So what does the future hold for the UK property market?



We will very soon be seeing a number of reports in relation to June and unfortunately many experts feel they will show a negative performance by the UK property market. If this is so then we could see a significant shift in consumer confidence which had been showing signs of recovery of late. There is also the potential problem with regards to different report showing different performances for the UK property market and whether we can actually believe what we are seeing each day and each week.



As we have mentioned in the past, we seem very much seems to be taking one step forward and two steps back with regards to the UK property market at a time when investors and homeowners are literally crying out for any upbeat news.