Sunday, January 27, 2008

More evidence that the UK consumer is all spent up

Firstrung, first time buyers, the week in focus

Two issues dominated housing news over the past week; house prices and mortgage approvals. Rightmove published their latest survey in which they concluded that prices have fallen once again, albeit by a modest 0.8%. London house prices appear to be in freefall mode currently according to Halifax. However, according to RM prices are up in London, by as much as 5.5% in a single month in certain areas. This is obvious evidence of attempted panic selling...

Posted by converted lurker @ 03:41 PM (549 views)
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