House prices back in the red for the first time in six months as stamp duty hangover hits

 

 

 

Nicholas Ayre, director of home buying agents, Home Fusion, said the fractured property market is seeing prices in popular areas supported by a shortage of stock, while elsewhere suffers.┬áHe said: ‘Annual prices are back in the red for the first time in six months but, hand on heart, that’s probably where they belong.

It’s a fair assessment that overall prices will move sideways and modestly lower over the course of the next year. But as ever, certain areas will defy economic conditions and prove robust, while other areas will go into freefall.’

View Feature