Qualified advisers answering your
Financial Questions
call 0800 092 1245

Are UK property prices on the way down?

A report by the Nationwide today suggests that UK property prices increased by just 0.1% in June citing fears of a potential double dip recession if, as expected, the UK housing market cools in the second half of 2010. This compares with a 0.5% increase, according to the Nationwide, during May and could well be bringing to an end a sustained period of recovery in the UK housing market. So what can we expect in the latter part of 2010?

Many analysts now expect the UK economy to cool in the second half of 2010 purely and simply because of a reduced public sector budget and an increase in UK taxation. Against this background, and an already fragile economy, it seems highly unlikely that the UK will push ahead and continue on its growth path. As a consequence, the UK property market is unlikely to flourish because even if the worst-case scenario does not appear there is concern and doubt within the minds of UK house buyers and investors.

A double dip recession would be a disaster for the UK because there is very limited funding available to the UK government to pump back into the economy.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details