Tuesday, August 16, 2011

Down 17% since 2007

With a further fall in July UK house prices are down 17% in real terms since 2007

Why are we still only down 17% in 4 long years? And a good 3 years of dispair before. It's a long haul waiting for the elusive HPC.

Posted by voiceofreason @ 06:18 AM (1689 views)
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3 thoughts on “Down 17% since 2007

  • mark wadsworth says:

    And that’s 17% “in real terms” which means much less in nominal terms. Perhaps they’re lying? That’s probably true for London and surrounding (I’m afraid to report) but it’s certainly not true Up North.

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  • brickormortis says:

    Low mortgage rates and unwillingness to repossess those not meeting payments. Interest rates (typical ones) around 6% would destroy house price and the nation right now – and merv knows it!

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  • greenshootsandleaves says:

    VOR: ‘Why are we still only down 17% in 4 long years?’

    Could it possibly have anything to do with the very expensive parachute donated, on behalf of the nation’s savers, by our friend mervyn?

    Still, down is down.

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