Tuesday, March 11, 2008

Decade-long house price boom is over

House prices are falling at record rate confirming the end of 10-year boom

The decade-long house prices boom is over, house prices are falling in many parts of the country at their fastest pace since records began in 1978, a report has warned. Across England and Wales, prices are dropping in every region. And the speed of the decline is at record levels in East Anglia, the South-West, Yorkshire, Humberside and the East Midlands. The report, from the Royal Institution of Chartered Surveyors, is the latest to confirm that the decade-long house price boom is over.

Posted by jack c @ 01:34 PM (684 views)
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3 thoughts on “Decade-long house price boom is over

  • You tell it like it is Daily Mail!
    “Overall, the report found the “balance” of estate agents reporting a fall in house prices was at its highest level since the dark days of 1990.
    That year marked the last property crash, when prices started falling and did not recover for six years. “

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  • Same story we’ve seen elsewhere, but lovely to see another article like this in the Mail – the newspaper of choice for middle England’s BTL brigade. The Express must be the last remaining bull now.

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  • The DM may appear stupid from the outside looking in but in the face of relentless negativity, the DM apear to know a Crash when they see one. Actually more like this editor appears to “know a Crash when he sees one”.

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