Friday, Feb 29, 2008
There She Blows
BBC News: Property prices fall in February 0.5%
The fourth consecutive monthly fall in property prices puts the cost of the average UK home at £179,358.
Posted by wdbeast @ 05:50 AM (628 views) Add Comment
8 Comments
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1. wdbeast said...
House prices fell in February by 0.5%, says the latest survey from Nationwide.
The fourth consecutive monthly fall in property prices puts the cost of the average UK home at £179,358.
The annual rate of house price inflation fell from 4.2% in January to 2.7% in February, the lowest since November 2005
2. Orwell said...
Its never enough its never enough! (who sang that)?
3. Davros said...
As usual, the recession causes the house price crash rather than the other way round. One look at America and you'll see what happens in the real world.
4. theboltonfury said...
i still refuse to pay £179,358 for the average UK home - a massive amount for overpriced tat (on average). When the average UK home is about 4 times the multiplier of the average UK wage then that's when I'm in.
5. Ianwayne said...
"Never Enough..." is by The Cure, 1990, reached no. 13. Other appropriate Cure songs:
'Just like heaven' if prices drop more
'Wrong Number', tell the EAs!
6. inbreda said...
boltonfury - I reckon you should hold out for 3 times.
7. Uncle Fargas said...
My Favourite line:
"Nationwide said its own figures were overstating the situation because house price growth was particularly strong in January and February last year. "
So how do the figures overstate the situation? This is equivalent to saying:
"Prices are falling, but this is overstating the situation, because prices used to be higher."
8. stillthinking said...
I refuse as well. Ridiculous. Why should anybody pay so steeply for land that derives most of its value from excessive planning restrictions. I also find it a bit steep that I have to pay over a third of my salary to the government and then half of the remainder to some random punter just as a starting point in my expenses.
Can somebody explain the point of working in the UK? No wonder it takes dynamite to shift the unemployed into work, its a dumb move to make.