Wednesday, April 30, 2008

Nationwide HPI survey reports 1% YoY fall

April HPI press release

“April was another difficult month for the housing market. Falling levels of market activity meant that prices fell by 1.1% during the month and ended up 1% lower than this time last year. April’s fall in prices continues the trend of the last six months and reflects the weakening sentiment in the market brought about by poor affordability and tighter financial market conditions. This is the first year-on-year fall in prices since March 1996 and brings the price of a typical house to £178,555, £1,759 lower than at this time last year.

Posted by steve g @ 07:25 AM (552 views)
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One thought on “Nationwide HPI survey reports 1% YoY fall

  • new user 2007 says:

    Interesting how they have moved from falls can’t happen to actively saying there are problems. The wording is almost aimed at the BoE. “The impact of housing on consumption will be dire, so the BoE will cut.”

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