Friday, April 12, 2013
More opium for the masses (UK prices fell 0.1 percent on the month!)
I am seeing lots of reductions in my area but.... "Londonâ€™s property market powered a seventh month of increases in U.K. house prices in March as values reached a five-year high, according to Acadametrics Ltd. The average cost of a home in England and Wales rose 0.2 percent on the month to reach 230,078 pounds ($354,000), Acadametrics and LSL Property Services Plc (LSL) said in a monthly report published in London today. Excluding the capital, prices fell 0.1 percent on the month. The Bank of England introduced a program to boost lending last summer, and todayâ€™s report signals that access to mortgages may be easing. It also adds to evidence of the regional disparity in the U.K. property market, with London prices rising at three times the pace of the national average."