Thursday, June 5, 2008

House prices down 3.8% on an annual basis

Halifax House Price Index

And by July they will be 7.8% lower than July 2007. However, everything is all right because house prices are still 9,373% higher than they were in 1940.

Posted by monty032 @ 12:43 PM (811 views)
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4 thoughts on “House prices down 3.8% on an annual basis

  • Something I always hated was old people saying “I bought my house for one thousand five hundred pounds in 1960 – at that time the same price as a motor car”, as if they feel somehow virtuous for being lucky enough to have bought a house at a time when houses were priced sensibly.

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  • A few more statistics Halifax forgot to mention. House prices in May 2008 are 6.4% lower than they were in May 2007. Prices have fallen 6.3% in the last three months. This is the fastest quarterly fall since records began in 1983.

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  • A few more statistics Halifax forgot to mention. House prices in May are 6.4% lower than they were in May 2007. They have fallen 6.3% in the last quarter. This is the fastest quarterly decline since records began in 1983.

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  • i-cld-murder-a-blt says:

    And this is the busy time of year!!!!!!!!!!! The way this whole situation has unfolded makes me embarrassed to be British. This will hurt a great deal of people, primarily through greed.

    Paul, I agree.

    Money is not everything.

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