Friday, Jun 08, 2007
Nice to see prices falling in parts of UK
FT.com: London property market still buoyant
The cost of an average London home increased by 1.2 per cent in April compared to the previous month, to £343,508. But the FT index showed that outside London, monthly house price inflation either slowed or stagnated, with the exception of the north-west and the south-west. Prices fell in the north, west Midlands and Wales.
Posted by uncle chris @ 11:03 PM (126 views) Add Comment
2 Comments
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1. dobber said...
Guys, Check out the interactive map, out of the six regions, Midlands going north, all but one are either stagnant or falling ! When will those southern softies realise the party is over?
2. Pr said...
And interest rates are yet to feed through and rise further. Remember that a rise lower than inflation is a fall in real terms. This is at the moment a soft landing if sustained, but it could go south faster than people realise. Just as America was taken by surprise.