Monday, March 31, 2008

Timberrrrr!!!

UK house prices down 0.2% in March, sixth straight fall - Hometrack

UK house prices fell for the sixth straight month in March, pushing the annual growth rate to a two-year low, housing consultancy Hometrack said today. Average house prices fell 0.2% in March from February, while annual growth dipped to 0.4%, the slowest since March 2006, Hometrack said. The news is another signal the slowdown in UK house prices may be prolonged. On Friday, the Nationwide building society reported its own measure of annual price growth was 1.1%, the lowest in 12 years.

Posted by little professor @ 12:56 AM (360 views)
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2 thoughts on “Timberrrrr!!!

  • northern bear says:

    Can anyone explain to me how house price movements are calculated? It must be a fairly accurate measure if 0.2% can be detected.

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  • Isn’t two consecutive quarters of negative growth the definition of a recession?

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