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#232457 - 29th May 2008 8:16am House Prices Fall 2.5% In May Alone
MattLFC Offline
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Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
Quote:
House prices have recorded their largest monthly fall since 1991, says the Nationwide building society.

Prices have fallen by 2.5% during May, according to its latest monthly survey.

The lender said prices were now 4.4% lower than a year ago, a fall of 8,000 which has taken the average UK house price down to 173,583.

The Nationwide, the UK's second-largest lender, said price falls were now accelerating and had continued for seven months in a row.

Not looking good for people with stupidly over-priced and unrealistic mortgages is it...

BBC News Report

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#232571 - 29th May 2008 2:09pm Re: House Prices Fall 2.5% In May Alone [Re: MattLFC]
MGCraig Offline
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Registered: 16th Apr 2006
Posts: 5488
Loc: Spital
This is good for people trying to get on the property ladder though yea???
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#232573 - 29th May 2008 2:21pm Re: House Prices Fall 2.5% In May Alone [Re: MGCraig]
MattLFC Offline
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Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
Not just yet; needs to drop a whole lote more - 170,000 for the average house is way too high.

smile

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#232577 - 29th May 2008 2:33pm Re: House Prices Fall 2.5% In May Alone [Re: MattLFC]
MGCraig Offline
AlfaHolic
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Registered: 16th Apr 2006
Posts: 5488
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then I better continue saving up then hahaha
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#232583 - 29th May 2008 2:46pm Re: House Prices Fall 2.5% In May Alone [Re: MGCraig]
MattLFC Offline
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Registered: 14th Aug 2004
Posts: 22315
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Lol!

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#232833 - 30th May 2008 12:56am Re: House Prices Fall 2.5% In May Alone [Re: MattLFC]
spinking Offline
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Registered: 11th May 2004
Posts: 5093
Loc: Happy Home
My house is still worth 125.000 more than i paid SHOCKER

Prices are stupid at the min and it must be so hard for new buyers to get on the market.
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