Wednesday, Apr 15, 2009
House prices down 12% on last year as values plummet at record pace
Daily Mail: House prices down 12% on last year as values plummet at record pace
A counter to all the bullish articles we've seen recently.
Posted by becky @ 11:45 AM (741 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Btl_and_milking_it said...
"The Royal Institution of Chartered Surveyors said interest in property rose for the fifth month in a row in March, with sales increasing for the first time for more than a year.
New buyer inquiries were strong in all regions of the country as people looked to take advantage of lower interest rates and recent house price falls.
The rise in inquiries is feeding through into sales although they still remain at historically low levels, RICS said.
It also saw the balance of its members reporting house price falls compared to rises drop slightly, down from 78.1 per cent in February to 73.1 per cent. "
....yep, good counter post..
2. inbreda said...
what's your point @1?
73.1% are recording falls. SOunds like slaughter in the property market to me.
3. jack c said...
'Today's rating actions reflect Moody's concern that the current economic crisis in the UK and indeed globally will lead to significantly higher credit losses than previously anticipated, particularly among the residential and commercial real estate assets, to which these mortgage lenders and building societies have a highly concentrated exposure,' he said.
www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=336800
4. mr g said...
"The average cost of a UK property fell 2.7 per cent between January and February to £189.813, according to the Department of Communities and Local Government."
Which clown calculated this average price?
Most press articles report the average price as being around £150K
5. hpwatcher said...
1. Btl_and_milking_it said...
"The Royal Institution of Chartered Surveyors said interest in property rose for the fifth month in a row in March, with sales increasing for the first time for more than a year.
New buyer inquiries were strong in all regions of the country as people looked to take advantage of lower interest rates and recent house price falls.
The rise in inquiries is feeding through into sales although they still remain at historically low levels, RICS said.
It also saw the balance of its members reporting house price falls compared to rises drop slightly, down from 78.1 per cent in February to 73.1 per cent. "
Another fool with vested interests has joined.....