Saturday, November 15, 2008
Still in denial
"Research by Impartial shows that British homeowners are dramatically under-estimating the reduction in the value of their properties over recent months." ... "Homeowners under the age of 34 actually believe the value of their property is still increasing. They reported an average value of £173,960 in July, increasing to £176,056 in September. By comparison, the average Londoner seems more realistic – believing their house value to have dropped by £46,361."