Monday, Apr 21, 2008
It's going to be long long summer....
The Times Online: Sellers forced to drop asking prices on homes
Annual house price inflation in England and Wales has slowed to its lowest level since mid-2005 as April suffered its first month-on-month fall in asking prices in six years.
According to figures by Rightmove, the property website, the annual rate of asking-price increases slowed to 1.3 per cent in April, down from 5 per cent in March, as the impact of the credit crunch on mortgage availability continued to bite.
The average asking price in April fell by 0.1 per cent on March to £239,521.
This signalled the first decline in April, typically a strong month for property sales, since 2002 and compares with a 0.8 per cent month-on-month rise in March.
***the trickle before the flood?***
Posted by rental john @ 06:40 PM (202 views) Add Comment
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