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Low sales drive house prices down

Posted on 30 October 2008

From BBC: UK house prices continued falling in October and are now nearly 15% lower than a year ago, says the Nationwide. The building society’s latest survey says property prices fell by 1.4% this past month, pushing the annual rate of fall up from 12.4% to 14.6%.

This means the price of an average house was £158,872 - nearly £30,000 less than a year ago. …. Full Article: Source


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


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