Thursday, October 4, 2007
It has started
House prices drop for first time this year
Britain's largest mortgage lender revealed that average house prices during September dropped 0.6pc to £198,500.
It has started.
I think I'll have a beer
Posted by sold 2 rent 1 @ 08:21 PM (1023 views)
8 thoughts on “It has started”
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larry pickleman says:
It’s certainly looking that way…Beechy Head here we come!
david20040_0 says:
Don’t count ur chickens too soon, this happens at the end of the year, it happened in 2006 also.
David20040_bull says:
Houses only ever go up !!!!!!
Yellerkat says:
!this happens at the end of the year”
September is the end of the year? I thought the market recovered in September after the “summer dip”!!
paul says:
“Don’t count ur chickens too soon, this happens at the end of the year, it happened in 2006 also.”
There was an credit crunch in 2006 leading to a sharp drop in house prices? Don’t you think the banks would have said something?
alan says:
“The slide was led by prices in Northern Ireland, which fell 3.2pc” NI was due for a serious correction.
The next big correction will come in February when lots of Finance jobs go in the city. Sub Prime default has a long way to go, guys! See my next post.
Don’t buy that sexy Canary Wharf flat yet, David !
Ihopeitgoeswithabang says:
Well I’m gona have a beer.
I have to say I have seen alot more for sale signs in the last week especially in Brighton.
Ok, there are a fair amount of sold signs too. But noticeably more For Sale.
Good to see the practice of people losing patience with their EA and sticking another rival EA board over the top in sheer desperation when they havnt been able to sell for months.
Havent seen that for many years.
Fwb says:
This was september, not december. The figure was seasonally adjusted, otherwise it would have been 1 percent.
As for NI was due for a serious correction, so are we. NI is just going first. It doesn’t matter whether english prices are rising or not. The headline says prices are falling and that’s what people read.
Crash, market, crash.