Thursday, April 3, 2008
Off track again
"House prices fell for the sixth month in a row over March with average prices down 0.2% over the month and the annual rate of growth slipping to +0.4% - the lowest level for 2 years." "The latest survey shows that prices were down across 28.8% of postcodes, the majority of which were in London and the South East where values have been slowing off a high base" Just like 1990s crash. The more pumped up a region, the quicker the hot air dissapates. Contrary to what EAs tell you around here (South Bucks), I know people that have lowered the price of their house and still have NO viewings. It's a nice house too - 3 bed det in cul de sac, no social housing nearby, views. They told us - remember they are vendors - to wait at least a year.