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UK house prices plunge 14% to all-time record low

Posted on 31 October 2008

From Dailymail.co.uk: House prices are plunging at the fastest rate since records began in 1952, a shocking report into the crumbling property market revealed today. In just 12 months, the price of the average home has collapsed by around £27,000, a record drop of 14.6 per cent since last October.

The report, from the Nationwide, the building society, said it is the biggest, quickest and most dramatic fall that it has ever witnessed. In a further blow to homeowners, economists warn Britain may be less than halfway through the biggest price plunge in history….. Full Article: Source


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