Tuesday, October 14, 2008

worse to come

British House Prices Down By 40%

Some houses in the UK have nearly halved in value as markets plummet in the storm of the global financial crisis, a Sky News Online investigation reveals. One flat in Folkestone, Kent, went on the market on January 28 this year at £125,000, and has now been reduced to £75,000. The one bedroom lower ground floor property lies in an upmarket area of the coastal town, and is in need of refurbishment. When Sky News Online posed as cash buyers, the estate agent Fell Reynolds confirmed the flat had been slashed from £125,000 to £99,950 and then to £75,000 because of the housing slump.

Posted by mark @ 01:10 PM (737 views)
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4 thoughts on “worse to come

  • george monsoon says:

    Joke of the day …

    Gordon Brown was visiting a primary school. In one class they
    were in the middle of a discussion related to words and their meanings.
    The teacher asked Mr. Brown if he would like to lead the discussion on
    the word ‘tragedy’.

    So the illustrious leader asked the class for an example of a
    tragedy. A little boy stood up and offered: ‘If my best friend, who
    lives on a farm, is playing in the field & a tractor runs over him and
    kills him, that would be a tragedy’.

    No, said Gordon – that would be an accident’.

    A little girl raised her hand: ‘If a school bus carrying fifty
    children drove over a cliff, killing everyone inside, that would be a
    tragedy’.

    ‘I’m afraid not,’ explained Gordon, ‘that’s what we would call
    great loss’.

    The room went silent. No other children volunteered. Gordon
    searched the room. ‘Isn’t there someone here who can give me an example
    of a tragedy?’.
    In a quiet voice the teacher said ‘If a plane carrying you and
    Mr. Darling was struck by a ‘friendly fire’ missile & blown to
    smithereens, that would be a tragedy’.
    ‘Fantastic!’ exclaimed Gordon. ‘That’s right. And can you tell
    me why that would be tragedy?’.

    ‘Well,’ says little Johnny ‘it has to be a tragedy, because it
    certainly wouldn’t be a great loss and it probably wouldn’t be a f*ing
    accident either’.

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  • ‘RICS spokesman said he hoped this week’s bail-out of three high street banks would help the housing market and restore buyer confidence’.

    Always look on the bright side of life .. de dum … de dum … de dum, de dum, de dum ….

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  • ITV newsgirl Daisy said we are heading for a deep recession and house price drops……

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  • “We’re 20% down. There are some very, very keen sellers out there.” Keen at 20%! You idiot. Wait till they sell for half that, will they then be very, very, very, very keen sellers? Find another job EA – your lucks up.

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