Thursday, September 2, 2010

Express yesterday said “Family home prices rise £91 per day”

Fresh fears for property market as average house house price slumped by £2,850 in August

House prices are plunging by more than £90 a day amid fears that Britain is heading into a double-dip housing recession. In August, the value of the typical home has slumped by nearly £2,850 to an average price of £166,507. The figures, from the Nationwide, the country's biggest building society, show average prices dropped 0.9 per cent last month, following a -0.5 per cent fall in July. Many economists suspect this is the start of a serious slump with the most pessimistic predicting prices could fall by 20 per cent over the next couple of years.

Posted by jack c @ 10:11 PM (878 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
  • 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Your email address will not be published.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>