Saturday, October 31, 2009
Guess it’s time to close down this website then
EXPERTS last night hailed the end of the property slump as figures showed house prices rose year-on-year for the first time in 19 months. Values are now higher than they were a year ago for the first time since the start of the recession, says Nationwide. There is now no doubt homes will end the year more expensive than they were 12 months ago, confounding gloomy predictions of a 10 to 15 per cent price fall. Nicholas Leeming of Propertyfinder states: "Itâ€™s official! Positive annual house price growth marks the final nail in the coffin of the housing downturn.The recovery will do the wider economy a power of good"