Wednesday, Apr 30, 2008
Pop corks, deck the halls with bunting, party like it's 1996...still a long way to go...
Firstrung: UK house prices show first yearly fall since March 1996
"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 converted lurker @ 09:14 AM (392 views) Add Comment
5 Comments
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1. Converted Lurker said...
guys posted up this 'cos it's got the direct link to the pdf and is IMHO the only report you'll find that covers the complete press release. Ripping Fi's 'code' to bits is a game for 5 year olds; she's still banging on re. fundamentals, insisting that the pitiful 50bl will help restore lending, when in truth we know it's to help shore up tattered balance sheets....still the fall is a start, brave new world approaches...cant wait ;¬)
2. paul said...
Kirsty Allslop, hat at the ready, felt all softened up.
3. Ijjhall said...
Ladbrokes are offering 9-1 on house prices to rise this year - Go on Stuart fill your boots..
4. mark wadsworth said...
Elvis sighted on Moon! Let's party like it's 1989 more like, or possible 1929.
5. Btl Rules said...
parts of the north, and wales been going down for a while now. City centre apts are barely worth the land they are built on, hence figures like the Nationwide today. If you are a buyer in the South, South East or London you will struggle to find a house built with bricks ( not cardboard ) which hasn't gone up 10% in the last year.