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House prices 2008

What does 2008 have in store?


Will house prices fall or rise in 2008? According to the Nationwide, property prices fell for the second consecutive month in December by 0.5 percent.


However, they point out that even with the slight fall, a home was still £8,334 more expensive to buy in December 2007 than in December 2006.


The lender has put together their best buys of 2007 and predictions of the best places to invest in during the next 12 months.


 
Top 10 biggest earning areas in 2007
Town Average price % rise
Montrose, Angus £172,156 39
Winchester, Hampshire £399,765 38
Billericay, Essex £363,265 35
Peterhead, Aberdeenshire £156, 875 33
Stourbridge, West Midlands £264,130 31
Ryde, Hampshire £212, 564 30
Henley, Oxfordshire £642,672 29
Inverurie, Aberdeensire £231,623 29
Greenock, Inverclyde £140,512 29
Southwark, London £367,306 26
Towns/ cities with biggest rises in 2007
Area % rise Price in Q4 Daily rise
Belfast 32 £306,698 £201
Aberdeen 25 £234,041 £130
London 16 £329,007 £125
Oxford 13 £339,404 £110
St Albans 13 £347,563 £112
Reading 12 £256,439 £78
Bristol 12 £240,850 £69
Brighton 11 £307,606 £81
Edinburgh 10 £257,288 £67
Where to buy 2008
Area Av. price Current % diff. to regional av.
Lochgelly, Fife £118,838 -31
Paisley, Renfrewshire £140,338 -19
Greenock, Inverclyde £140,512 -19
Aberdeen £202,755 17
Hackney, London £361,179 -2
Chatham, Kent £195,211 -31
Dartford, Kent £217,279 -24
Liverpool £155,353 -11
Newport £146,467 -11
Choosing and Buying a New Home
Choosing a new home Follow our step-by-step guides to give you confidence when buying your new home.
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Henry Pryor Henry Pryor is a property expert with years of experience in the business. Keep up on his latest views >>

All about mortgages From professional advice, to best buy tables - we've got all you need... >>
 
 

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