Further evidence of the “stagnating” housing market

According to the Halifax, property prices in the UK are beginning to drop and their economist has stated that this may be due to property just being too expensive for the majority of people.

The Halifax have reported that the average cost of a house or flat is now approximately £219,649.

We have mentioned before, here on our blog, that there is presently a shortage of housing generally in the UK which is also considered to be contributing to our dwindling housing market.

You can read more at http://www.bbc.co.uk/news/business-39842715 and http://www.bbc.co.uk/news/business-39803515

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