Monday, December 24, 2007
30% fall in prices!!!!
House prices fell for the third month in a row in December, according to the monthly Hometrack survey. The time it takes to sell a house has increased to more than eight weeks, the longest period since the report began in December 2001. Average house prices fell by 0.3% this month, with some estate agents reporting falls of as much as 30%. Stronger prices in the first half of the year led to a 3% average price increase across 2007 as a whole.