UK real estate prices fall further at autumns end
Up to the minute data shows that UK property prices continued to dall for the fifth consecutive month during November.
While December is traditionally a slow month for estate agents dealing in residential property transactions records show the slowdown started long before the festive season began in earnest.
Buyer demand has been steadily declining since the general election amid fears of a struggling economic future people just aren't confident enough to take on larger mortgages by moving up the ladder to a larger home. Those that do want to buy into the property market are often unable to do so due to the lack of UK mortgages on offer.
It's a situation that is unlikely to change in the near future according to many economists. Lenders need to release more funds and reduce the levels of deposit needed for first time buyers to get started and kick some life back into the country's ailing residential property market.