Monday, May 9, 2011
Even The Mail is struggling to put a positive spin on this
"Property values are now just four per cent above the low they hit April 2009, while they are 20 per cent below the peak they reached in August 2007, before the credit crunch struck. House prices have been highly volatile during the past year, dropping in seven months, rising in four and remaining unchanged in one month, as the market continues to be unsettled. The quarter-on-quarter change, often seen as a smoother indicator of market trends, also pointed to an acceleration in the rate at which prices were falling..."