Friday, October 8, 2010

UK House Prices Crash

UK House Prices Crash, Record 3.6% Monthly Drop

UK house prices crashed in September, falling by a record -3.6% to an average of £162,096 (SA) according to the Halifax, which annualises to an eye watering -43%. The slump beats the preceding record monthly drop of -2.8% in December 2008 when house prices were in free fall, therefore fears are prevalent of a similar downtrend now unfolding as the Labour election bounce has fast evaporated following the May 2010 General Election.

Posted by nadeem walayat @ 07:42 AM (569 views)
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