Saturday, February 9, 2008

FT reports price falls and revises DOWN previous estimates

House prices see second monthly fall

... but in Chelsea and Westminster prices went up 20% in the past three months... with the City labour market shrinking by 5-10% net (vs previous year expansion) then you are sure it is a bubble. It will be fun to watch the show here in london

Posted by confused76 @ 08:26 AM (539 views)
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3 thoughts on “FT reports price falls and revises DOWN previous estimates

  • 29.6% annualised return in Chelsea over the last 3 month? no way, prices are down 20%!
    I happen to live in Chelsea by the way.

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  • I’m in Ealing and new build flats here are looking very empty right now.

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  • Let me see. Average price of USA Home 100K Sterling. Cost of living about 1/3rd of UK. Are they in trouble?
    Average price of UK Home – More than Double – Are we in trouble – Not according to our illustrious leaders.
    Silly me for even considering such a thing.
    Play with figures all you like, Recession Denial is a condition recognised by more than a few of the population.

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