Monday, December 17, 2007

Our house – in the middle of a slump

House sales slump forcing price cuts

House sellers are cutting prices at the fastest rate for five years in a further sign that the property market is set for a serious slowdown. Asking prices have fallen by 3.2 per cent since November, according to data from Rightmove, a website that gathers information on nine out of 10 houses on the market. Forecasters say that while prices may only dip a little, house transactions will drop by 20 per cent This means that the average property has lost £7,590 this month and is valued at £232,396.

Posted by onyerhike @ 08:00 AM (568 views)
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