Wednesday, Sep 27, 2006

The real story of house prices

Money Week: Will a London boom save the UK property market?

Asking prices for UK homes rose 6.4% in the year to June the strongest growth in over a year, says property website Rightmove.

Apparently the mini-boom in prices continues to be led by the south of the country where the average annual rise has now reached 9.4%.

Sounds impressive, eh? Well, perhaps - until you look under the bonnet...

Posted by ali @ 09:35 AM (528 views)
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1. Geed said...

Interesting how the BBC see's it fit to report on an annual 1.7% drop (SHOCK!) in the US...

http://news.bbc.co.uk/2/hi/business/5378680.stm

...only to ignore home.co.uk's reported figure of a 1.9% drop over the same period in England and Wales, and this is just the asking price.

My father in Wales backs this data up. He say's for the last 18 months properties have stayed on the market for longer and "reduced" signs are becoming more commonplace.

Its not what you read, its where you read it.

Thursday, September 28, 2006 03:38AM Report Comment
 

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