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Credit crunch biting hard on house prices

Posted on 06 October 2008

From Lutontoday.co.uk: Average house prices in Luton and South Beds were £197,232 in the three months ending in September, according to the Nationwide. According to the company’s research the average price of property in the area was was seven per cent lower than in 2007, compared with an average UK drop of 10.3 per cent.

In the previous quarter, ending in June 2008, prices had actually risen by one per cent over the year. Property in Luton and South Beds is still valued at 157 per cent more than it was 10 years ago, making it the best performing part of the Nationwide’s outer metropolitan area….. Full Article: Source


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