Thursday, February 26, 2009

Average property lost 21% from Peak

House prices fall to 2004 levels says Nationwide

Seema Shah, property economist at Capital Economics, said: The sharp drop in prices in February dispels any hopes that the housing market has moved into 2009 on a stronger footing. Indeed, if the average rate of decline seen in the first two months of the year persists, house prices will be more than 30 per cent below their peak by December."

Posted by kathryn layard @ 07:47 PM (532 views)
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