Monday, December 13, 2010
Another rehash of the press release covered by Little Prof
Property Sellers Drop Prices In December
Average property asking prices fell by nearly £7,000 pounds to £222,410 pounds in the four weeks to December 4, according to new research by property website Rightmove. It is the biggest December fall since the 3.2% drop in 2007 after the collapse of Lehman Brothers. The latest decline means 2010 asking prices have virtually stoodstill - only increasing by 0.4%."
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icarus says:
Great reporting. Lehman collapsed in Sept 2008.