Average House Lost £31,500 in 2008
According to the Halifax, house prices fell by another 2.6% in November, taking the annual fall to 14.9%. On these figures, the average house has lost £31,500 in value this year, with the average house now worth £163,605, a figure last seen in July 2005.The monthly fall is the largest drop in value since Sept 1992.
The figures were worse than expected by analysts, signalling rapidly deteriorating economic conditions.
The Halifax figures suggest that the rate of house price falls is accelerating, with demand curbed by constraints on household spending, lack of mortgage availability and a continuing fall in prices leading to people postponing purchases.
Quick House Sale Calculator
Fall Through Index
Refer a Friend
T: 0800 068 3366 
Email Us 
Facebook
0 Comments:
Post a Comment
Links to this post:
Create a Link