Thursday, July 28, 2011

Bear nibbles!

UK house prices fell by 2.5% in past year

Nicholas Ayre, director of UK buying agents Home Fusion, commented: "There's plenty here for the doomsayers to get their teeth stuck into. In June the national figure was totally flat, and even in the London bubble, average prices fell for a second month. "But just a quick health warning - the data can be fickle. Just as your car's fuel gauge becomes unreliable when the engine's running on empty, so these figures have less value when the number of sales is so low. "Outside London, demand has fallen off a cliff, and unsurprisingly, so have prices. Even within the London microcosm, we're seeing a big divergence between the prime market and the rest."

Posted by khards @ 12:26 PM (2633 views)
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2 thoughts on “Bear nibbles!

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  • Nicholas Ayre, director of UK buying agents Home Fusion, commented: “There’s plenty here for the doomsayers to get their teeth stuck into”

    “for the country as a whole, the market is still desperately fragile. With lenders still reluctant to offer mortgages, and many who bought in the boom trapped in their current homes by negative equity, there’s little chance it will perk up any time soon.”

    bear nibbles indeed.

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