housing market

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.