Are house prices falling, stabilising or increasing?

It has been reported by various sources as of late that house prices are falling, stabilising and increasing, but who is right?

House prices fell again in June!

Although the Halifax had announced an increase in the property prices as of late, they also announced that in June house prices fell by 0.5%. They have said that this year house prices house prices had not fallen as dramatically as last year and that the market has stabilised slightly. There are some many predictions being made by so many of the property professionals i.e. Royal Institution of Chartered Surveyors (RICS), but none of these predictions are accurate.

It was announce today that U.K. house price had fallen by 0.4% in April.

There had been signs of the market starting to stabilise in certain areas, but research has revealed that the house prices are now starting to drop again. This is on top of the number of new mortgages being approved hit a low for the first time since January.

There are mixed opinions amongst property experts as to whether the market is going to fall even further this year. Looking into the history of the last recession, the U.K. was in a recession last time for about 7 years.