Sunday, Apr 29, 2007
New homes not sellinf and prices falling
Firstrung: House prices for new homes fall by an average 10K in a year - smartnewhomes.com
New homes prices have fallen for the fourth consecutive month with falling apartment prices and increased development in the north in part responsible for this continued decline...
The average price of a new home fell by 0.4% over the last month
New home prices fell for the fouth consecutive month in March
The average price of a new home fell 3.4% over the last year
March experienced the biggest price fall in the new homes market for over a year
Posted by converted lurker @ 12:11 PM (67 views) Add Comment
7 Comments
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1. enuii said...
Buy a new apartment and loose money! If you do buy a 1/2 bed apartment, especially in one of the cheaper developments that are spreading like cancer how long will it be before you neighbouring flats are sub-let to the DHSS!
2. Davro said...
Houseprices dropping! Surely there's some mistake! What happened to the much publicised lack of supply?
3. Scott said...
You never own apartments anyway. Leasehold is just glorified tenancy. As for the underclass riff-raff, I propose they build 10 floor apartment blocks for these people, underground!
4. Turnbull2000 said...
It was only a couple of months ago that the Metro newspaper property page pretty much guaranteed an immediate profit if you buy off-plan. How the hell do they get away with such reckless advice?
5. dohousescrashinthewoods said...
Amazing.
In the US, new home prices declined, and were smartly followed by declines in existing home prices a few months later.
The UK started talking about the US bust when US New prices declined.
The UK did not start talking about the UK bust when UK New prices declined.
6. dohousescrashinthewoods said...
Then again, it could just be the averaging effect of more houses in the north of England selling at half the price of houses in the South (because "it's not London", despite having double the space/standard of living because it's not London)
7. Loadinform. Com said...
I like it