House prices are falling on a monthly basis but the Special Liquidity Regime, announced today by the Bank of England, will bring the market back to normal by September, according to Assetz.
The Assetz house price index, which aggregates the results of five major house price indices, found the price of an average UK home fell by £673 between February and March to £211,929. However, Assetz says three and six-month moving averages show price growth is around 0%, with average prices falling by just £217 since December 2007. Commenting on the figures, Stuart Law, chief executive of Assetz, says: “The moving six and three month figures for average annualised house price growth have actually bounced back since January and while this figure is hovering at around 0%, I am confident...
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