A report by SmartNewHomes.com has found that the average house price rose in August by 1.8%. This compares to many others research that says house prices and sentiment are that property is falling.
Our view
It is plainly obvious that house prices are and will fall. Do not be fooled by surveys that may, for some unknown reason, have given a positive slant. It may have been a weighting in a particular geographical area or something like that. It is likely, as their research shows, that these price rises were predominantly from new homes.