Thursday, October 28, 2010

Average salary must be less than £2,376 in a month

House prices drop in value by more than average salary

House prices are dropping in value by more than a typical annual salary, figures by Nationwide showed today. Britains biggest building society said the average price of a home dropped 0.7 per cent this month, the equivalent of £2,376 in a month.

Posted by mark @ 12:52 PM (1348 views)
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One thought on “Average salary must be less than £2,376 in a month

  • tenyearstogetmymoneyback says:

    That is exactly the problem. What you earn is just pin money compared withe the gains and losses that can be made on property.
    I have said before about a colleague who despite having an MSC etc found that his flat in Baltic Wharf Bristol had gone up in value
    by more than he had earned over two years.

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