Thursday, Jun 03, 2010
UK house prices are now less than 10pc below their record peak
Telegraph online: UK house prices are now less than 10pc below their record peak
The average UK house price is now 9.5pc below the peak reached in October 2007, according to the latest monthly report from Nationwide Building Society, which showed that prices edged 0.5pc higher last month.
Despite Britain's worst recession since the 1930s, the record low level of interest rates and a relative lack of properties for sale has fuelled a 12.2pc rebound in prices from the trough they reached in February last year. Nationwide said that the current lack of homes for sale is "still consistent with relatively stable to modestly upward trending prices."
Posted by rfrancsics @ 07:51 PM (169 views) Add Comment
- 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
No comments have been submitted.
Be the first person to add your comment by completing the form below.