The Dan Nuoer: European debt crisis spread to inhibition of bank financing and borrowing capacity in the UK economic outlook remains bleak backdrop of rising unemployment, household income growth lags behind the overall housing consumer market continues to slump. Despite low interest rates on housing prices and the formation of policy support, but the general trend of the real estate market will continue down the turnover of weakness will maintain a period of time.
England real estate data company Hometrack12 26 monthly house price survey data show that the ring of the British housing prices in December compared with November fell 0 World steel pipe network editing World Steel Pipe .2 percent, down the same as the previous two months; compared with the same period last year decreased by 2.1%. Hometrack expects Britain's fourth-quarter Housing Price Price flatten, under the influence of the government fiscal austerity, the 2012 overall housing price will drop to 3%.
Hometrack director of research Richard Dannuo Er said: "Despite the 2011 economic outlook is deteriorating, but the British real estate market showed a greater flexibility, especially in the autumn of this year, some buyers for prime locations real estate, higher than the market price of the transaction, raise the overall average house price in the All-England. At present, the housing purchasing power of the wealthier areas of London significantly exceed the average of the national market. UK network of real estate agents Rightmove data also confirmed this view in the trend of price index has been all the way down the ring of England Housing asking price index in October compared to September than the substantial increases of 2.8%, rose by 1.2%.