Thursday, May 29, 2008
2.5% drop in May
BBC News: House price falls 'accelerating'
Nationwide admitting an accelerating decline in house prices. No short term forecast but a further drop implied.
Posted by lewis @ 07:50 AM (240 views) Add Comment
2 Comments
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1. Nooneo said...
This story was first posted just after 8 and updated at 9.46 and they still haven't put up the graphic showing the fall? Perhaps they need to extend the graphic because it didn't have room for a 2.5 % fall?
After watching this crazy property rollercoaster over the last few years I am now seriously looking forward to seeing a plump and arrogant sloanie finally getting her teeth around whatever hat she can take off of her over large and vacuous cranium!
2. Ijjhall said...
This is how one 'seller' described his predictimant on the BBC site :
This is just so depressing, but I can't help but think the media is creating a bit of a moral panic over the issue.
By continually reporting this worsening crash, is it not making first-time buyers even more reluctant to buy?
I'm currently trying to sell a property that was valued at £110,000 only nine months ago.
Now I've been advised to drop the price to £102,000. What is the government doing to help the situation?
I can't afford the repayments anymore, petrol is out of control - my wages do not cover me until the end of the month anymore.
Where do you turn?