Tuesday, November 18, 2008
Twenty percent falls, according to Rightmove
House prices have already fallen by 20pc from their peak, according to one of Britain's largest property websites [no, not this website...]. Evidence suggests that prices will continue to fall sharply, with sellers dropping their asking prices by almost 3pc last month, Rightmove reported. Agents are reporting sales at 20% below peak asking prices. The number of new sellers has fallen to 20,000 a week (down from 35,000 a week a year ago). Full Rightmove press release link in comments below.