House prices affected by boost in number of homes for sale
March 24th, 2010 by Len
The number of houses for sales has now hit an 18 month high. Prices are falling again but speculators believe this sharp rise is due to the unexpected weather the UK has experienced this year. The typical asking price is now £230000 is up to 5.3% higher than March last year. First time buyers are still struggling a lot to even be approved for mortgages. This continues to get worse as house prices are very much fluctuating. The hardest hurdle for a first time buyer is the initial down payment.
Latest figures show that sales have halved at the start of the New Year.
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