--- title: House Prices - What is going on? date: 2009-04-15T00:00:00+01:00 author: Marc Prior canonical_url: "https://www.assetsure.com/homes/home-insurance/house-prices-what-is-going-on/" 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 - What is going on?](https://www.assetsure.com/homes/home-insurance/house-prices-what-is-going-on/) # House Prices - What is going on? ## House Prices - What is going on? Are we seeing the green shoots of recovery in the housing market, have the last few months all been a ghastly dream? Has it just been a brief pull back before the market moves north again? Er, possibly not, most people, apart from short term speculators would probably still agree that the cost of a home, second home or [holiday home](https://www.assetsure.com/homes/holiday-home-cover/ "Holiday Home insurance") in the United Kingdom is still too expensive. The latest figures being trumpeted (not just by estate agents) do not point to a recovery. Of course, offering a glimmer of hope is always good, especially when there has been so much doom and gloom, but Iâm having problems with the numbers. Headlines scream: The number of mortgages approved for house purchase jumped by 19% last month (February 09) in another sign that the housing market is recovering. Apparently the number of mortgages agreed in February was up. (but still way down on the previous February) The number of loans passed in February 09 was 37,937 or possibly 24123 or even 27156 (variable sources) the highest since last May, as declared by the Bank of England. Estate agents are also reporting more interest from possible purchasers. (Perhaps the winter has ended and people have emerged from their expensively heated homes). However, actual home prices continued to drop in March, so there appears to be some divergence here, not all the arrows are going in the right direction. However, the good news is, according to another agency, house prices increased in March, so thats a relief. On a less complicated note, Banks and Building Societies do seem to be coming out of hiding and are thinking about lending some money, so possibly some buyers will be tempted to jump on to the market at some very attractive interest rates. In some kind of semblance of common sense, its being suggested that any would be purchaser should contribute a down payment of up to 15 % of the purchase price, why didn't anyone think of this before, it's a great idea. However, the number of first time buyers (mainly the young) may not be able to afford this, so either someone has to come up with some new initiatives or the cost of a home has to fall to a more realistic level. ## 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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