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Assetz For Investors News

Fri, 29 Feb 2008 11:11:22 GMT

Stuart Law, Chief Executive of Assetz, comments on Nationwide’s latest index, which reported a monthly house price fall of 0.5% in February

"To a large degree, Nationwide’s latest index, which records a house price fall of 0.5% for February, is still reflecting sales agreed in the more depressed period leading up to Christmas.

“However, since the New Year the market appears to be picking up, with asking prices starting to increase, suggesting a renewed confidence from sellers. I would expect to see average annual house price growth of between 0% and 3% year on year between now and April, before prices start to move cautiously up again, ending on 5% annual growth for 2008.

“With the supply/demand imbalance set to worsen, as many parts of the country experience a complete cessation of new build schemes being started, the total stagnation or fall in house prices predicted by some is just not a reality in the current market."

Risk Warning and Disclaimer : The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz for Investors Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. E. & O. E.

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