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Joined: Aug 2004
Posts: 22,315 Likes: 1
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 Likes: 1 |
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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Joined: Apr 2006
Posts: 5,488
AlfaHolic Forum Veteran
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AlfaHolic Forum Veteran
Joined: Apr 2006
Posts: 5,488 |
This is good for people trying to get on the property ladder though yea???
![[Linked Image]](http://i113.photobucket.com/albums/n229/craig_87/mg_sig-2.png) ------------------------------------------------------------
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Joined: Aug 2004
Posts: 22,315 Likes: 1
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 Likes: 1 |
Not just yet; needs to drop a whole lote more - £170,000 for the average house is way too high. 
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Joined: Apr 2006
Posts: 5,488
AlfaHolic Forum Veteran
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AlfaHolic Forum Veteran
Joined: Apr 2006
Posts: 5,488 |
then I better continue saving up then hahaha
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Joined: Aug 2004
Posts: 22,315 Likes: 1
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 Likes: 1 |
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Joined: May 2004
Posts: 5,093
Forum Veteran
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Forum Veteran
Joined: May 2004
Posts: 5,093 |
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.
drifting drifting and yet more skidding
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![[Linked Image]](http://photowirral.com/newsig.jpg)
