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UK: Growing uncertainty drives housing market towards a standstill

Posted on 02 October 2008

From Housefund.co.uk: Hometrack’s latest house price survey shows that prices fell 1% over September - the twelfth consecutive fall since the start of the credit crunch. On a year on year basis the value of an average property has dropped by 6.2% - representing an average fall of £1,000 per month.

Prices may be down across the country, but the falls are not uniform…House prices were down across the whole country, but the fall in values was far from uniform. Over the last year a quarter of postcodes have seen average prices fall by less than 3% while double digit prices have been registered across 12% of the country….. Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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