Wednesday, Apr 30, 2008
Nationwide HPI survey reports 1% YoY fall
Nationwide: April HPI press release
“April was another difficult month for the housing market. Falling levels of market activity meant that prices fell
by 1.1% during the month and ended up 1% lower than this time last year. April’s fall in prices continues the
trend of the last six months and reflects the weakening sentiment in the market brought about by poor
affordability and tighter financial market conditions. This is the first year-on-year fall in prices since March 1996
and brings the price of a typical house to £178,555, £1,759 lower than at this time last year.
Posted by steve g @ 07:25 AM (203 views) Add Comment
1 Comment
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1. new user 2007 said...
Interesting how they have moved from falls can't happen to actively saying there are problems. The wording is almost aimed at the BoE. "The impact of housing on consumption will be dire, so the BoE will cut."