UK house prices saw an annual fall of 0.9% in April, says the Halifax, the UK's biggest mortgage lender. The Halifax also said that prices dropped by 1.3% in April compared with the previous month, pushing the price of the average home down to £189,027. The lender said it now expected a "mid-single-digit" percentage decline in prices in 2008. But it expects bigger falls in Wales and the West Midlands, with Scotland bucking the trend with a modest rise. Halifax's chief economist, Martin Ellis, said the decline in prices was driven by a squeeze on consumers' spending power and the rapid rise in house prices in the last few years. BBC NewsSee this interactive graphic from The Guardian charting the movement of house prices over the past two years and possible reasons for changes. Link
1 comment:
When are people going to realise Houses are just bricks and mortor, they are not worth what they charge you for them, and thinking you are going to get rich because the price of your house has gone up is so bloody stupid, WAKE UP what are you going to do sell it and live on the streets.
I have seen this happen so many time when will people stop falling for it?
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