Thursday, October 7, 2010

Word is getting around now

House prices plummet 3.6% in a SINGLE month... crisis for homeowners as biggest ever fall is recorded

Daily mail has even supplied some pretty pics too

Posted by mark @ 10:27 AM (1511 views)
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7 thoughts on “Word is getting around now

  • “But the IMF warns Britain’s housing market is INFLATED and could threaten economic recovery”

    Brilliant. Hopefully all of this will make the papers – cue mass panic.

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  • “Martin Ellis, housing economist with Halifax, said it is too early to conclude that September’s fall represents the beginning of a sustained period of declining house prices.”

    Erm, Martin, with the Tory slash n burn taking effect from 20th October, and new FSA lending rules coming in, I’d wager for
    a sustained period of drops through this year and next.

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  • Well, 3.6% is a start.

    Come on Merv, will you have the room to keep up and continue to tempt overseas buyers?

    Remember runaway inflation.

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  • When will the journos wake up to the fact that house prices are way too high in this country, cannot be sustained in the long term, and that it is in everyone’s interest for the necessary correction to take place swiftly?

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  • Unfortunately the VIs can’t blame “people staying in to watch XFarts or Come in my Face dancing” … yet.

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  • greenshootsandleaves says:

    Not a very promising start for the ‘prices will flatline for a while’ theory.

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  • “crisis for homeowners”

    Why?

    Unless you need to sell quickly of course.

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