Monday, December 24, 2007

30% fall in prices!!!!

Homes harder to sell even after three months of falling 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.

Posted by worried @ 09:08 AM (1927 views)
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2 thoughts on “30% fall in prices!!!!

  • “Donnell said that a prolonged period of low single-digit house price inflation was needed to bring the relationship between incomes and house prices back towards a more sustainable level

    Like -9% ?

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  • So three comments from what could be described as vested interests, and one not. A fair article?

    Clicked on the vote now bit, to see that two thirds of the population do belive it is a stupid idea to buy a porperty now. But no buttons available for me to cast my own vote…..

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