Housing Trends: Is it s a good time to buy in 2015?

The Housing industry in the UK believes pricing as the considering key factor of the UK’s consumer economy. During the last months of 2014 the statistics of homes sales was yet growing but to a small amount, especially in the months of November and December where the asking prices were a big fall.  According to Rightmove, it was reported as “its biggest ever monthly drop”, as prices bended, it brought a lead of potential buyers for the upcoming year for 2015.

So far this has given a potential opportunity for home buyers and movers to get into a rather flexible market, to negotiate their recommended price. Based on the locations across England and Wales, the price for homes fell by 3.3% by the end of 2014, however London which mostly became soft, the average asking price in the capital dropped to around the sum of £30,000. While the market in London overheated, the property markets across the UK were perking up.

The Guardian reports back similar findings as London’s property market dropping down during the last months of 2014. Besides the basic reasons why pricing had lowered such as location, economy, mortgage, property value, personal reasons and so on, it could suggest that price drop was only efficient due to the marketing purposes of the organisations. As businesses have illustrated a technique in order to build sales and revenue, re-selling houses based on a growth of property values in the near future, therefore shows that new home sales are only as efficient as to the buyer’s thoughts.  Although the sales in newly developed homes were increasing in last few months, it proves to show that second selling homes are still wanted and will remain in the market, as it was only a few a months back the asking prices fell in order to store back the slow growth from the downhill earlier on in June.

This also hinders the question what is the forecast for the housing industry in 2015, according to the Centre for Economics and Business Research, 2015 will be a turning point for property prices, due to the last months of 2014 price drops.  However it is reported with slow buyer enquiries and properties staying in the market for longer, affordability will no longer remain and instead rein as a problem especially in the regions of the UK.

From this it’s your take on, although 2014 ended with price drops in the housing industry, it doesn't state that 2015 will continue with this pricing strategy, if anything the price can change. It does note besides price, there are other issues which allow buyers to have an influence in their decision making, the whole process of purchasing a home can be very stressing. However the influences that plays on this particular industry can change in a blink of an eye, as it is only the beginning of 2015, never under-estimate what may or may not happen.