Thursday, June 12, 2008

London house prices fell by five grand last month

UK house prices fall £1,000 per month, London house prices fall £5,000 per month- Home.co.uk

The value of the average home is plummeting by £1,000 a month, according to the latest Asking Price Index Report from Home.co.uk for June 2008.... Since March 2008 asking prices have fallen by 1.1% across England and Wales, with cuts in all regions. Scotland also saw a fall of 0.5% since March 2008 and north of the border prices have now fallen for the last four months in a row. The worst hit region for sellers was the East Midlands, with prices dropping by 2.2% during Q2. London sellers also suffered with prices dropping by 1.7% in the capital during the same period.

Posted by converted lurker @ 11:39 PM (843 views)
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4 thoughts on “London house prices fell by five grand last month

  • landofconfusion says:

    It’s finally happening – I’ve just seen my first *descent* one bed flat for less than £150k in my local estate agents (I live in SE England).

    Woop Woop et al.

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  • mark wadsworth says:

    D’you mean “decent one bed flat” or a “one bed flat whose price is descending”?

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  • larry pickleman says:

    Can a 1 bed flat be considered decent at 150k?….

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  • landofconfusion says:

    > 2. mark wadsworth said…

    Sorry (decent). It was too early in the morning.

    > 3. larry pickleman said…
    >
    > Can a 1 bed flat be considered decent at 150k?….

    Well given that the cheapest flat I’ve seen around here was a £98k assisted living ‘retirement’ hutch, I would say yes.

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