February 2005 Archive

Saturday, February 12, 2005

England & Wales -0.4%, London -4.3% YoY

Evening standard: London leads house price plunge into the red zone as market records worst performance since financial crisis

Article picks up on LSL Acadata figures just released showing England and Wales prices going negative for the first time in recent years, after 8 months of "falling rates of annual increase". The article ends with the fallacy that there are now nearly 800,000 property millionaires, attributed to insufficient building. So let those 800,000 cash in then, and we'll see how many millionaires there are in the aftermath ;-)

Posted by nickb @ 03:07 PM 0 Comments

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