House price falls welcomed by consumers

The survey suggests most consumers recognise the recent boom in house prices was unsustainable and the fall in house prices is good for first time buyers and those looking to move up the ladder. Moveme.com's survey of almost 600 consumers found 48% wanted the housing market to stabilise, while 39% wanted prices to fall. A mere 13% wanted property prices to continue rising. Keith McNeilley, co-founder of Moveme.com, says: “Over the last eight years, house prices have increased by more than 120%. This level of growth was never going to be sustainable over the long term and as a result, t...