Monday, Dec 17, 2007
Our house - in the middle of a slump
The Telegraph: House sales slump forcing price cuts
House sellers are cutting prices at the fastest rate for five years in a further sign that the property market is set for a serious slowdown.
Asking prices have fallen by 3.2 per cent since November, according to data from Rightmove, a website that gathers information on nine out of 10 houses on the market.
Forecasters say that while prices may only dip a little, house transactions will drop by 20 per cent
This means that the average property has lost £7,590 this month and is valued at £232,396.
Posted by onyerhike @ 08:00 AM (197 views) Add Comment
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