Blue Sky Mortgages Blog

Official figures show that house prices have dropped by approximately 11% in 2008. However, it would appear that they will continue to fall in 2009 particularly in the First Time Buyer sector.  There is a large number of completed new builds for which sales have been very slow over the last eighteen months and poorly located apartments would seem to be the worst effected. There are indications that banks will force sales in order to recoup outstanding revenues from developers.Â