first_img whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo John Dunne Property prices fall 3pc ASKING prices for homes in England and Wales have fallen three per cent over the past month to stand just 0.4 per cent higher than a year ago, due to economic uncertainty and low mortgage approvals, according to property website Rightmove.December’s fall follows a 3.2 per cent decline in November, with further drops possible in 2011 when Rightmove predicts a decrease of as much as 5 percent for the year if property repossessions pick up.Property prices do normally slip in the winter months and the Rightmove survey is not seasonally adjusted.But mortgage lenders Nationwide and Halifax have reported falling house prices for November too, in a sign a modest downturn in Britain’s property market could become entrenched as looming government spending cuts curb appetite for houses.“In 2011 we will see larger falls in weaker markets due to over-supply and forced sales,” said Rightmove director Miles Shipside.“The net result is likely to see average national asking prices fall slightly,” he continued. “At best they could be close to flat and at worst down by five per cent if repossession numbers jump up from 1 in every 15 sales.”Rightmove said recent price falls and some nervousness about prices in 2011, plus growing arrears, could result in lenders increasing the number of repossessions.“If (Bank of England) base rates increase then repossession numbers could form a much larger percentage of total sales, and at an extreme this could lead to even greater price falls than we are forecasting,” it said.Most economists do not expect the BoE to raise interest rates until late 2011 at the earliest because of uncertainty about the economic impact from the start of a four-year program of government spending cuts.Rightmove said it expected properties coming to the market to fall to around 1.2m in 2011, down around 10 per cent on 2010 and 40 per cent below the historically normal figure.The website said that an early sign of the weak supply of properties was the fact that the number of new properties for sale this December was only 0.1 per cent higher than a year ago.That was despite a reduction in the legal paperwork required to market properties earlier in the year, which Rightmove had expected to result in more speculative sellers in the market.Estate agents reported that mortgage funds remained difficult to arrange following a further tightening in lending criteria in the middle of 2010.And the time properties spent on the market remained near last month’s record high while the unsold stock per estate agency branch was at 74, down from 77 in November but still traditionally high. center_img Show Comments ▼ whatsapp Monday 13 December 2010 2:57 am Share Tags: NULLlast_img