04 June 2010

Ready to Start on the Property Ladder?

According to latest figures from Halifax, house prices fell for the second month in May this year. In May they declined by 0.6% while in April prices fell 0.1% - so are we facing another housing market slowdown?

Generally, housing experts are erring on the side of pessimissm. Predicting flat prices for 2010, they say that there are concerns that the market is becoming slow.

But compared with a year ago in the same period, prices are much higher by nearly 7%! And with interest rates at their currently very low rate, now might be an ideal time to get buying and start the game of the property ladder!

Many Brits are still choosing to look abroad for their property bargains - with the weak euro and even lower prices in places like Spain, an overseas mortgage is looking more than possible...

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