Thursday, Oct 04, 2007
Unexpectedly? Where does Delphine live?... in London asking prices 've been static since April!!
FT: UK house prices in first fall this year
"UK house prices unexpectedly fell 0.6 per cent in September, the first decline this year and a concrete sign that the housing market is slowing in response to tightening credit conditions, the Halifax said on Thursday. The Halifax index was well below expectations of a monthly rise of 0.4 per cent. On the quarterly measure watched more closely by policymakers, house price growth has slowed from 2.3 per cent in the second quarter of 2007 to 0.9 per cent in the last three months"... 0.9x4 = 3.6% per year, wow, I make more money in a savings account
Posted by confused76 @ 12:24 PM (240 views) Add Comment
1 Comment
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1. alan said...
I understand that the Halifax has been less understanding towards 110% mortgages and BTLflats in London than NR, B&B and A&L. Perhaps this is why they don't show a larger price drop?