Even though as a direct consequence of the economical crisis, house prices have shown the tendency to decrease and buyers numbers have not grown. Specialists say that the main reason why the number of house buyers in the United Kingdom remained low is linked to the harsh criterions imposed by lenders when offering loans. And since first time buyers are not able to raise the needed sums of money to be able to buy a property and have to take money on loan to make such an important investment, there is no wonder that the number of transactions closed on the houses market has decreased.
It seems that starting with the middle of April 2012 things are going to change, as the market is showing sings of revival. So, although houses prices have only increased slowly, specialists say that this evolution will produce positive results on the general economy. In February 2012, the typical houses price showed about 0.3 percent rise, compared with the figures of last year. The average price in this period of time was £166,916 for a typical house. The increase registered now actually followed a 0.5 percent fall, registered in houses costs in January 2012. However, you should keep in mind that these houses prices statistics vary from one region to another, being just average figures when referring to the United Kingdom.
For instance, the highest rise in houses prices was registered in Scotland, established at about 1.1 percent. In most regions within England, the rise did not surpass the percentage of 0.5. The biggest rise in England was naturally registered in London, the capital of the country. Despite this general evolution, which is considered to be a positive one for the general economy, European economists are still skeptical when it comes to the evolution of houses market in the United Kingdom. Most economists agree that house market activity is still low, compared with long term expectations. Still, indicators suggest that houses market may be on the right path and at the same time this fact is sustained by the prognosis which show that mortgage availability is expected to increase.