Thursday, Nov 27, 2008
Fionulala's Time Machine still humming smoothly
Nationwide: November House Prices
"... This brings the annual rate of house price falls to 13.9%, down from 14.6% last month. The price of a typical house is now £158,442. This is about £25,000 less than this time last year but is still about £25,000 higher than in November 2003."
Posted by mark wadsworth @ 07:33 AM (721 views) Add Comment
5 Comments
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1. fun 4 now said...
crikey....and more than they were in 1917
2. quiet guy said...
"With prices falling at their current rate there is also little incentive for new borrowers to hurry into the market."
Are you listening NuLabor?
3. Verymeanreversion said...
So we are back at Nov 2003 real prices then.
4. Sold My Soul To The Never Never Never said...
Fionnuala was very subdued on BBC News 24 today - poor love - I think the penny has finally dropped.
5. whostolemyendowment said...
Blah blah Yahoo regurge ..... http://uk.biz.yahoo.com/081127/214/ibatd.html
But in 2003 prices were going up, and they were throwing mortgages at you.....now is a different landscape, so cannot be measured in the same way. Based on price to earnings ratio - from what I see in my local (Shrewsbury) EA windows...'for sale' prices are still to high, still perhaps 5 to 6 x local average salary (if you still have a salary). There will be further slides in 2009, perhaps they will be saying 'still be higher than 2000' by then...?