Monday, Oct 29, 2007
Timbeeeeeerrrrrrrr!
Firstrung.co.uk: London house prices fall by over 14K as new sales stock floods the market
- Average prices for prime London property for sale decline for the second month in succession, down 1.3% and wiping over £14,000 off the value of the average London home.
- September sees a surge in the number of prime London properties for sale on the market, up 11.8% on last month and up 30.3% on last year.
- Prices of prime country property for sale remain flat for the second consecutive month, with the South East and South West regions reporting the first monthly decline in prices since March 2006.
- Stock levels of prime country property for sale reach new heights, with volumes up 3.8% on last month and up 32.6% on September 2006.
Posted by disillusioned @ 03:08 PM (319 views) Add Comment
4 Comments
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1. Simondo said...
Just the news i've been waiting for. This thing is going to play out just like it did in the US of A . Wait for the press predicting a spring bounce that doesn't happen.
Simon
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. Alex78 said...
My maths is not the best - but how exactly does 1.4% drop wipe £14,000 GBP of the price of the average home in London? Is the average house worth circa £1,300,000? Or should this read £1,400?
4. This comment has been removed as it was found to be in breach of our Blog Policies.