Tuesday, May 22, 2007
Prices tanking in most of the country!
Times: Interest rates put brake on house prices
Article by property cheerleader, Judith Heywood, tries to find some bright spots in a pretty gloomy market. "Slower growth in these areas is being masked by the continued outperformance of the London market, up 1.4 per cent to 24.8 per cent in a year" "Chelsea rose only 3.4 per cent in that time, although over a year it has been the capital’s star performer, with prices up 75.7 per cent." Judith, wake up... it's all over!
Posted by confused76 @ 12:57 PM (163 views) Add Comment
3 Comments
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1. Realist said...
Chelsea up ONLY 3.5% in a month. This is an outrage...are you listening Mervyn? Your pesky interest rates are in danger of ruining everything...
2. dohousescrashinthewoods said...
lol, how else are the Chelsea orange-skinned mercedes set to supplement their latte-and-gossip-fuelled lifestyles without a steady stream of MEW?
3. Observer said...
whats pouring into Chelsea is 60 years of Russian wealth, stolen by a few oligarchs, spent on property and footballers instead of the masses back home who deserve some of the spoils.