Tuesday, Jan 30, 2007
UK house prices 'start to cool'
BBC News: UK house prices 'start to cool'
Hard to tell this time of year if this a blip, and we are still in positive HPI territory. Ms Earley is finding it increasingly difficult to keep up her positive spin however. I can hear it now "Prices are reducing but only by 10% month on month which is insignificant when compared to the massive gains over recent years, It still remains a good time to buy.....blah blah blah"
Posted by geed @ 10:10 AM (175 views) Add Comment
3 Comments
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1. paul said...
This story appeared in the BBC News RSS feed then was promptly removed and buried in "other stories".
Remember folks, never catch a falling knife as the saying goes.
2. p. o. o. r said...
Same news on thisismoney http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=416941&in_page_id=57&ct=5&ito=1453
Is this a plea to stop interest rates rising again....
3. headmelter said...
p.o.o.r
from your link
"However, she said that would mean monthly mortgage payments on a typical £100,000 tracker would have jumped by more than £90 a month in less than a year."
Average house price now being closer to £200k means a FTB would need to find another £180 per month on top of an already inflted payment.