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)
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