Monday, June 20, 2011

Since 2008, house prices have fallen, on average, by almost a quarter in the ten local areas with th

Weakest areas see 25% drop in house prices

New research shows that ten economically weakest areas in UK see twice the drop as ten strongest since 2008. Advertising Research by Halifax has found that house prices in the ten areas that have experienced the sharpest drop in economic activity since 2008 have fallen at a far faster rate than those in the ten strongest areas.

Posted by khards @ 09:04 AM (2037 views)
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One thought on “Since 2008, house prices have fallen, on average, by almost a quarter in the ten local areas with th

  • I am still waiting general price falls here in Devon. Some vendors have dropped to make a sale, but the majority are still partying like it’s 2007.

    Our only hope is inflation as in the 1970’s, but they had wage inflation of 15% each year for several years. We have not seen real wage rises for many years, so at the current trend, it will take decades for affordability to improve. Judging by asking prices here, vendors must believe that we are on course for a full recovery fairly soon. Low interest rate policy won’t help first time buyers to grow their deposits either.

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