Thursday, June 12, 2008
London house prices fell by five grand last month
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.