Sunday, February 24, 2008
Hometrack -0.2% in Feb, +1.4%YoY
House prices continue to drop as boom ends
House prices have fallen for the fifth consecutive month. The average price in England and Wales has dropped to £174,400, nearly £ 2,000 lower than it was in the autumn. Hometrack said prices fell by 0.2% in Feb, taking the annual rate of house price inflation to just 1.4% The 8% rise in February in the number of new buyers registering with agents was well down on the 25% increases recorded in the same month in the previous two years. The average length of time on the market was 8 weeks, the longest since Hometrack records began in 2001.
Posted by little professor @ 10:57 PM (742 views)
3 thoughts on “Hometrack -0.2% in Feb, +1.4%YoY”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
Mikelivingstone says:
“Without these deals, first-time buyers will be forced to start saving, or never fulfil their dream of buying a home. ”
Well shouldn’t they have been doing this anyway rather than being encouraged to buy plasma screens.
Mikelivingstone says:
“Without these deals, first-time buyers will be forced to start saving, or never fulfil their dream of buying a home. ”
Should they have been doing this in the first place. Seems to imply everything should rely on credit.
confused76 says:
check the title change… now the boom is officially over… champagne anyone?
Boom ‘offically’ over as house prices plunge for fifth month in a row
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=518411&in_page_id=1770
“House prices have continued their plunge after falling for the fifth consecutive month, a report reveals today.
They started falling in October – and are still going down in February, according to the figures from the property information firm Hometrack.
The average price in England and Wales has dropped to £174,400, nearly £2,000 lower than it was in the autumn.”
MAWHA AH AHAHA HHAHAHHAAH HAHAHHA AH HAHAHA HHAHAHHAH