Friday, June 8, 2007

Nice to see prices falling in parts of UK

London property market still buoyant

The cost of an average London home increased by 1.2 per cent in April compared to the previous month, to £343,508. But the FT index showed that outside London, monthly house price inflation either slowed or stagnated, with the exception of the north-west and the south-west. Prices fell in the north, west Midlands and Wales.

Posted by uncle chris @ 11:03 PM (419 views)
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2 thoughts on “Nice to see prices falling in parts of UK

  • Guys, Check out the interactive map, out of the six regions, Midlands going north, all but one are either stagnant or falling ! When will those southern softies realise the party is over?

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  • And interest rates are yet to feed through and rise further. Remember that a rise lower than inflation is a fall in real terms. This is at the moment a soft landing if sustained, but it could go south faster than people realise. Just as America was taken by surprise.

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