Confidence is key to housing recovery
Wednesday, May 6th, 2009The housing market cannot recover until consumer confidence does, with house prices likely to continue falling for the rest of 2009 and beyond, experts have warned.
The latest house price index from Nationwide shows that house prices fell by a further 0.4% during April, leaving the average property worth £151,861 – 15% less than 12 months ago.
Despite a slight rise in prices in March, this month has seen another decline across the housing market. Commentators say it is not unusual for house prices to rise one month and fall the next during a depressed market. (more…)













