Friday, July 9, 2010

Avg house lost £1100 last month

Tory spending cuts hit house prices

The ConDems' savage spending cuts will trigger a second house price crash next year, warn experts. Spiralling taxes and a cull of public sector jobs are expected to blow a hole in the housing market. The slump has already begun. The Halifax said yesterday prices fell 0.6% in June - the fourth dip this year. Last month's drop slashed the value of the average home by almost £1,100. That takes the national average to £166,203, with nearly £3,300 wiped off the value since the start of the year. Although prices are still 6.3% up on last year, Halifax predicts that further falls in the coming months will mean they end 2010 unchanged.

Posted by exiges @ 06:48 PM (628 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>