CashQuestions - The personal finance problem-solver

    Property


    According to government statistics around 66% of the country are homeowners - so that's a lot of people with vested interest in house prices.

    But of course, house prices can go up and down – as they have in recent years – but what is important is that you can afford your mortgage comfortably, and that you’re happy in your current home. Providing you are not intending to move house, as long as you can tick those boxes it makes little difference what your home is worth.

    But this is not true in every case. For other people, like first-time buyers, homeowners looking to downsize, retire and release equity, or people wanting to stay put but remortgage, house prices are relevant. House prices are a fragile measure and in some economic environments can change almost day to day depending on confidence arising from world events. House price indices of course only give an arbitrary average while similarly, what your home is valued at and the price you are actually offered for it are also different considerations.

    To learn more about the house buying and selling process, read our CashQuestions Guide to Property.

© 2012 Copyright CashQuestions Ltd

Registered office: First Floor, 135 Notting Hill Gate, London W11 3LB
Registered in England, No. 4723129

About CashQuestions

Got a finance related question and want an answer free of charge from a totally unbiased source? CashQuestions is a unique service run by a panel of renowned personal finance journalists. Alongside our team of financial experts, we are on hand to solve your money problems - and other consumers can help too on the CashQuestions forum.

Disclaimer

The information contained in the material on this Site is intended for information and interest only, and not to either provide advice to, or to address the particular requirements of, any individual.

We do not recommend or endorse any investment, adviser or other service or product, or any material submitted by third parties, or linked to or from this Site. We do not offer any legal, financial or other advice, either regarding the nature, potential value or suitability of any particular investment, security or investment strategy, or otherwise.

You should not rely on any material in this Site to take (or refrain from taking) any decision or action.

Read full disclaimer

We support

Credit Action