Thursday, April 14, 2011

More ‘analysis’

House prices are falling faster in Britain than Spain

House prices at the bottom end of the market are now falling faster in Britain than Spain, according to a comprehensive survey of the biggest house price indices. But house prices continue to rise at the top end of the market, with an average increase of 3.4pc over the last year among the most expensive fifth of properties. By contrast, the cheapest fifth of properties saw prices fall by 5.1pc over the year, compared to a 1.9pc decline over the same period in Spain.

Posted by dill @ 09:19 AM (2029 views)
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4 thoughts on “More ‘analysis’

  • I live in Spain and the prices have fallen drastically.Lets hope they do in the uk as they are unrealistic numbers,we are talking telephone numbers for a shoe box in the uk.

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  • sibley's b'stard child says:

    I’ve tried but couldn’t find a HPI chart for Spain although I gather that theirs has been in continual decline since 07 to the tune of 25%+ so i’m not sure how fair it is to compare the UK to theirs.

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  • Perhaps this is how a house price crash happens. Initially FTB are priced out, then the lower rungs of the ladder begin to crater and from there a form of inevitable contagion spreading through the pyramid – close to mixing metaphors here but the ladder is pyramid shaped!

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  • are they? cant see much evidence of it

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