Friday, May 04, 2007
Yes. House Prices Can Fall!
The Times: House prices plunge in Blair's constituency
Homeowners in Tony Blair’s constituency suffered the largest falls in house prices seen in the UK last year.
According to figures published today by the Nationwide, while prices throughout the whole of England rose by nearly 2 per cent, prices in the North fell by 2.1 per cent in 2005, with the biggest local fall seen in Sedgefield, which the Prime Minister has represented as an MP since 1983.
"The price falls in Sedgefield are a reflection of the poorer economic condictions in the area and a weaker labour market," Fionnuala Earley, Nationwide's group economist, told Times Online. "The North East is one of the poorest regions in the UK."
Posted by cash_buyer @ 09:31 AM (140 views) Add Comment
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