--- title: House Prices Down Again date: 2010-03-04T00:00:00+00:00 author: Alison Bull canonical_url: "https://www.assetsure.com/homes/home-insurance/house-prices-down-again/" section: News --- Our Customers Love Us! Home Insurance [Trustpilot](https://uk.trustpilot.com/review/assetsure.com) ### Get a Quote [Get Quote](https://intasure.com/home-insurance/?introducer=59999022) [Home](/) › [Property Insurance](https://www.assetsure.com/homes/) › [Home Insurance](https://www.assetsure.com/homes/home-insurance/) › [House Prices Down Again](https://www.assetsure.com/homes/home-insurance/house-prices-down-again/) # House Prices Down Again Since the start of the year, many people have been pointing to a recovery in the housing market, green shoots of recovery etc and generally talking up Britain’s impending exit from recession. However most of the noise relating to property purchase, seems to have come from people with a vested interest in the property market taking off again who themselves must have been pleasantly surprised by prices starting to move north last summer. However in February, the increases of the last 7 months came to an abrupt halt. Is this a sign that the little mini rally the property market experienced has run out of steam? In fact many economists were surprised when the market started to recover last year as it was not expected to do so and predictions for the following 12 months are pretty flat and gloomy as well. Many still believe that house prices are still on the high side and we will have further drops to look forward to. U.K. lender Halifax, who are part of the Lloyds Banking Group of companies, have reported that house prices fell 1.5% in February from January and rose a lower-than-expected 4.5% in annual terms. Gains of 0.60% were made in January. Halifax attributed the fall to a combination of one-off factors such as cold weather, snow restricting movements, ( many people were unable to get out and about to view property). The re-imposition of stamp duty on lowest-priced properties, with a rise in the number of new properties on the market also has made the situation worse. Home owners are still finding moving home to be particularly challenging, mortgages are still fairly difficult to come by and lenders have severely tightened up their lending criteria. Confidence amongst buyers remains low, no one wants to purchase property and see it decline in value further particularly when realistically the only way for interest rates is up. Moving home at the moment may be the preserve of the brave and those needing to move out of necessity. The Bank of England’s January mortgage approvals data, which registered a second straight monthly slowdown, add to the evidence there were fewer would-be buyers in the market at the turn of the year, it is also thought that many would be purchasers are holding on until the result of the general election is known. ## Latest News & Advice [![Dealing with Woodworm and Dry Rot](/assets/uploads/images/_800x405_crop_center-center_none/assetsure-banner-plain.jpg)](https://www.assetsure.com/homes/home-insurance/woodworm-dry-rot/) ### [Dealing with Woodworm and Dry Rot](https://www.assetsure.com/homes/home-insurance/woodworm-dry-rot/) Woodworm, Dry Rot and Wet Rot. One of the most costly maintenance problems for homeowners is woodworm, dry rot and wet rot. If left untreated it can huge amounts of damage to the interior of your home. There are treatments and remedies to prevent it’s spread and to eliminate the problem it becomes critical. Woodworm is most commonly caused by the furniture beetle which leave larvae boreholes inside the major woodwork elements of a property. These area include the roof timbers, joists, staircase and floorboards. Woodworm can also infest ordinary household furniture causing a home insurance claim problem.... [![Types Door Window Locks](/assets/uploads/images/_800x405_crop_center-center_none/window-lock-news-banner.webp)](https://www.assetsure.com/homes/home-insurance/types-door-window-locks/) ### [Types Door Window Locks](https://www.assetsure.com/homes/home-insurance/types-door-window-locks/) Types of Door and Window Locks – when purchasing a home insurance policy, you may find that your insurance company want you to have certain security measures in force at your property. These should be studied most carefully as without the correct protection being in force, you may find your cover compromised in the event of a claim. For most people, this involves having good quality door and window locks. Good physical security at your property, will be of a far greater benefit in deterring Theft than having an alarm fitted, but not being a lock expert, have do you discover if you have the correct locks fitted at your home?... [![Subsidence Structural Problems](/assets/uploads/images/_800x405_crop_center-center_none/assetsure-banner-plain.jpg)](https://www.assetsure.com/homes/home-insurance/subsidence-structural-problems/) ### [Subsidence Structural Problems](https://www.assetsure.com/homes/home-insurance/subsidence-structural-problems/) Preventing or Dealing with Subsidence and Structural Problems.Whilst subsidence is usually covered by a building insurance policy, it is definitely something that you do not want to happen at your property if at all possible. Claims for subsidence can be on the large side ( hence the reason for the standard policy excess being £1000) and even if the building is repaired by the insurance company, you may find that’s in the future, insurance is harder to source ( and possibly more expensive) and the market value of the property and it’s marketability may also diminish... [More News](https://assetsure.com/news) ## Why choose our specialist insurance cover? ### Home Insurance from Assetsure Our Home Insurance can provide cover for your Buildings, Contents and Personal Effects. Monthly payments available ### Legal Assistance as Standard All our policies include Legal assistance as standard up to £50,000 This offer Legal protection for problems relating to employment, contracts, property and personal injury etc. ### Home Emergency as Standard All our policies cover Home Emergency as standard up to £500. this offers protection against unexpected events such as the failure of your main heating system, blockage of drains or failure of your domestic gas or electricity supply ### £1,000,000 Cover for Buildings We automatically provide you with £1,000,000 cover for rebuilding cost of your property, ideal if you are unsure of your re-building cost. ### Excellent service offered We like to offer all our customers a first class service, which is backed up by our Trust pilot ratings. We are open 6 days a week to assist you with your enquiries. ### Instant cover and policies Most of our policies you can now buy online and receive instant documentation. 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