Wednesday, Nov 28, 2007
And it can only get worse!
ThisWasMoney: London house prices fall as slowdown hits
"the cost of the average home in London dipping by more than £2,000, according to the Land Registry." Why? " tighter lending practices and the heightened affordability pressure on house buyers coming from higher interest rates, elevated house prices and muted real disposable income growth" and what is next? "'These factors are expected to increasingly bite over the coming months. In addition, house prices in London could be markedly hit by City job losses and reduced bonuses" Ho! ho! ho!
Posted by confused76 @ 11:58 AM (270 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.