Thursday, October 2, 2008

Homes and Property section deemed waste of paper

House prices crash £30,000

The London housing market collapse is accelerating as a direct result of the City financial crisis, figures confirmed today. Prices in the capital have dropped by a record 9.4 per cent in the last year, wiping nearly £30,000 off the average value of a home, according to Nationwide.It now stands at £274,124, down from £302,486, with further steep falls expected in the rest of year. Nationwide chief economist Fionnula Earley said: "It is quite probable that going into the final quarter of the year, the aftermath of September's financial market gyrations will have a further negative impact on house prices in London."

Posted by les_angeles @ 01:23 PM (379 views)
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One thought on “Homes and Property section deemed waste of paper

  • Raspberry Ripple Effect… Tsunami Warning.. Stock up on staples folks.. this is the BIG ONE.

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