Average House Prices Falling For First Time In 2021 But Will Property Crash?

House prices have fallen for the first time this year, according to property website Rightmove, but does this mean we are heading for a market crash? The website reports that the “average price of propertycoming to market in August fell 0.3%”, which is a small drop of £1,076, to £337,371. The property market slowdown follows the ending of the stamp duty holiday and a subsequent fall in demand for bigger homes. "Average prices have only fallen in the upper-end sector," said Tim Bannister, Rightmove's director of property data. First-time buyers and second-stepper properties are still in demand, leading to new record high average prices in those sectors, he added. Rightmove figures revealed a 0.8% drop in the four-bedroom-plus sector, but new record price highs in the two-bedroom sector, up by 0.6%, and three to four bedroom second-stepper-type properties, up by 0.3%. Summer holidays normally lead to a slowdown in activity in August, experts pointed out, with many anticipating a slackening in demand. Source: BBC and Rightmove. The small property price falls, based on new houses coming onto the market, do not yet indicate a market crash. Minor price fluctuations could be seasonal or influenced by a post-stamp duty holiday slowdown. Property investors should see a return to a more normal buyers property market in the coming months. I am definitely noticing more price reductions and properties coming back on the market after a sale fell through. However, markets, like the bond and stock markets, are not always rational and frequently react to external events, such as a war or political instability in the Middle East. The actual figures based on sold properties for the current period will be revealed in official Land Registry data later this year. Professional property investors make money in property in any market – UP, DOWN or SIDEWAYS! You can make money in property if you know how, and you do not even need to use your own money. You can start with zero capital using many of the ‘no money down’ strategies. Would you like to learn more about making money from property? Click HEREfor free updates, courses and webinars on how to become a professional property investor in your spare time using other people’s money. FOR MORE PROPERTY INFORMATION FOLLOW - https://bit.ly/3sjxRa